The Commission for the Protection of Competition received a notification of a proposed concentration, concerning the acquisition of sole control of EPICOR. INC. and its subsidiaries by KKR & CO. L.P., through ELEMENT ACQUISITION CORP..
ELEMENT ACQUISITION CORP. is a special purpose vehicle company, duly registered under the laws of the State of Delaware of the United States of America.
KKR & Co. L.P. is an international investment company, listed on the New York Stock Exchange, which offers a wide range of alternative investment funds and other investment products to investors. This company also provides solutions for capital markets for itself, its affiliated portfolio companies and other customers. Private funds managed by KKR & Co. L.P. invest in companies in various sectors.
The target of the proposed concentration is EPICOR. INC., a company duly registered under the laws of the State of Delaware of the United States of America, together with its subsidiaries, namely EPICOR Group. EPICOR Group is active in the software industry, especially in the enterprise resource planning sector (ERP). It focuses in the provision of ERP in medium-sized construction companies and retailers, with some personalized offers to customers in the automotive industry, forestry industry, distribution industry etc. Group EPICOR also provides customized solutions to customers in the construction, distribution and retail sales sectors.