Aptos, ex-Epicor Retail Solutions, launches as independent company

Aptos Inc., the former Epicor Retail Solutions, launched Wednesday as independent company and new brand. In May, Epicor Software said it would spin-off its Retail Solutions business into a separate, privately-held company. Noel Goggin, formerly EVP and GM of Epicor Retail Solutions, is CEO of Aptos. Both Aptos and Epicor are backed by Apax Partners.


Epicor to spinoff Retail Solutions business, pay dividend to shareholders

Epicor Software Corp. said Monday that it has spunoff its Retail Solutions business into a separate, privately-held company backed by Apax Partners. Epicor Software, which makes business software, is an Apax portfolio company. Epicor also announced Monday a proposed debt offering of $2.1 billion. Proceeds will be used to refinance $1.3 billion in outstanding debt, refinance $400 million in notes and pay a dividend to shareholders. Jefferies Group LLC provided financial advice to Epicor.


Apax to buy Quality Distribution for $800 mln

Apax Partners has agreed to buy Quality Distribution Inc. in a deal valued at about $800 million, including debt. The transaction includes a 40-day “go-shop” where Quality Distribution can solicit alternative proposals from third parties. Tampa-based Quality Distribution operates a chemical bulk logistics network in North America. Deutsche Bank AG New York Branch, Bank of America N.A., Jefferies Finance LLC, MIHI LLC and SunTrust Bank are providing financing. RBC Capital Markets provided financial advice to Quality Distribution.


Apax to exit IGATE in $4 bln deal

Capgemini has agreed to buy IGATEfor $4 billion or $48 a share cash. Bridgewater, New Jersey-based IGATE is a technology and services company. Apax Partners invested in IGATE in 2011.


Centerbridge to buy Banca Farmafactoring

Apax Partners has agreed to sell its stake in Banca Farmafactoring S.p.A. to Centerbridge Partners LP. Financial terms weren’t announced. Banca Farmafactoring, of Milan, is a provider of credit management and non-recourse factoring services to suppliers of the Italian and Iberian public sectors.


Apax to buy Azelis

3i has agreed to sell Atlas Holding SA, the holding company of the Azelis Group, to Apax Partners. Financial terms weren’t announced. Azelis is a pan-European speciality chemical distributor. 3i acquired a majority of Azelis in 2007. JP Morgan is providing financing. UBS acted as financial advisor to the Apax funds while Greenhill acted as financial advisor to 3i.


Apax Partners offers to buy Norwegian IT firm EVRY

Apax Partners has agreed to make a cash offer of 16 kroner per share for EVRY. ABG Sundal Collier is serving as financial advisor to EVRY while Bank of America Merrill Lynch and DNB Markets are financial advisors to Apax. Based in Norway, EVRY is an IT services provider.


Cognizant completes TriZetto acquisition

Cognizant has closed its buy of TriZetto Corp, a manager of health benefits. No financial terms were disclosed; although previous news items tagged the amount at $2.7 billion. Previously, TriZetto was owned by Apax Partners.


Bain, Apax join bid battle for Portugal Telecom-Reuters

Private equity firms Bain Capital and Apax Partners have launched a bid worth 7.075 billion euros ($8.8 billion) to buy the Portuguese operating business of Portugal Telecom from Brazil’s Oi (OIBR3.SA), rivalling an offer from European telecoms group Altice (ATCE.AS), Reuters reported.

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