Koch Industries Acquires Infor For Nearly $13B

The private investment arm of Koch Industries Inc., run by billionaire Charles Koch, has acquired the remaining equity in cloud-software maker Infor Inc., the companies said.

The deal values Infor at $11 billion, or nearly $13 billion including preferred shares, according to people familiar with the matter who asked not to be identified discussing private information.  

Koch Industries, the Wichita, Kansas-based conglomerate, already owned about 70% of Infor, the company said. Its subsidiary Koch Equity Development purchased the remaining Infor equity it didn’t already own from Golden Gate Capital.

Infor, which Wall Street has viewed as a candidate for an upcoming initial public offering, will become a Koch Industries subsidiary.

The move to buy Infor underscores Koch Industries’ continued push into technology, a relatively new priority for a sprawling conglomerate best known for refineries, paper goods, and other industrial products—along with the libertarian and conservative views of its CEO and his brother David, who died last year.

Full Content: Bloomberg

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