Based in the netherlands, exact is a business software provider. It then moved control of the us businesses macola, jobboss and the max. Apax partners is one of the oldest and largest private equity firms. This sees a return by the private equity company to the erp space. The bid of 32 euros a share is 27 percent higher than exact s closing price on july 10. In 1998, apax invested in neurodynamics limited, which was the parent of autonomy corporation british telecom restructured, and agreed to sell the yell group yellow pages directory business to apax and lion capital llp for. Exact is the business software market leader in the benelux. Het nederlandse softwarebedrijf exact wisselt van eigenaar.
Apr 15, 2015 apax partners has completed its acquisition of exact for 730 million euros. Exact has announced that kkr will acquire a controlling interest in exact. Concurrent with this transaction, the macola, jobboss and max businesses of exact software a current apax funds portfolio company will be combined with eci. With kkr as new shareholder, exact will focus on further. Paul, weiss advised funds managed by kkr on an agreement in principle to acquire exact software, a leading provider of business and accounting software in the benelux region, from funds advised by apax partners. Apr 15, 2015 private equity group apax partners has completed the 730 million c. Apax partners completed a buyout of exact in april 2015 for 730 million.
Exact by software of excellence is an onpremise practice management solution for dental offices of all sizes and specialties. Custom branded merchandise is an integral part of any comprehensive marketing campaign, and can help build your business. In a second announcement exact has announced that they have also sold their us erp businesses macola, jobboss and the max to apax partners. Kkr will buy the stake from funds advised by apax partners. Funds advised by apax partners the apax funds have today announced an agreement in principle to sell their stake in exact software exact, a leading provider of business and accounting software in the benelux region, to kkr, a leading global investment firm. Aug 15, 2017 the apax funds investment will accelerate this initiative as eci continues to provide bestofbreed, industryspecific functionality. Apax partners to acquire eci software solutions the. Apax partners to sell exact software stake to kkr apex. Exacts businesses macola, jobboss and max to be combined. Leading provider of reliable, innovative and scalable electronic peoplemonitoring technologies, providing an alternative. Apax kkr to acquire exact software from funds advised by. We also offer a range of industry specific solutions to fully manage all of your business processes needs.
Exact announces that an agreement has been reached to sell exacts specialized solutions division, which includes macola, jobboss and max. Exacts businesses macola, jobboss and max to be combined with. Apax funds to buy eci software solutions from carlyle and. Based in the netherlands, exact is a business software. Highgrowth cloud software provider exact secures 730m apax. Kkr to acquire exact software from apax partners paul, weiss. The company was listed on euronext until march 2015, when it was bought up by a group of investors led by apax and in 2019 by investor kkr. It has subsidiaries and offices in europe, north america and asia. Apax verkoopt exact software toch, aan kkr channelweb. Fort worth, tx and new york, august 14, 2017 funds advised by apax partners apax funds today announced that they have reached a definitive agreement to acquire eci software solutions, a provider of enterprise resource planning erp software solutions to small. Private equity group apax partners has completed the 730 million c. It offers electronic health record ehr, clinical charting, billing, patient scheduling and digital imaging functionalies to the users. Apax partners acquisition of eci software solutions global.
Funds advised by apax partners to acquire eci software. Apax partners to acquire eci software solutions workflow. Aug 14, 2017 funds advised by apax partners apax funds today announced that they have reached a definitive agreement to acquire eci software solutions, a provider of enterprise resource planning erp software solutions to small and mediumsized businesses smb across the distribution, field services, building and construction and manufacturing industries. Exact softwares macola, jobboss and max businesses will be. Delft, the netherlands monday august 14, 2017 the dutch software company exact group b. Funds advised by apax partners apax funds today announced that they have reached a definitive agreement to acquire eci software solutions, a provider of enterprise resource planning erp software solutions to small and mediumsized businesses smb across the distribution, field services, building and construction and manufacturing industries. Aug 14, 2017 exact softwares macola, jobboss and max businesses will be combined with eci current majority owner the carlyle group to continue as minority investor fort worth, tx and new yorkmonday, august 14, 2017 funds advised by apax partners apax funds today announced that they have reached a definitive agreement to acquire eci software solutions, a provider of enterprise resource. Funds advised by apax partners announced that they have reached a definitive agreement to acquire eci software solutions, a provider of enterprise resource planning erp software solutions to small and mediumsized businesses smb across the distribution, field services, building and construction and manufacturing industries. Kkr and management acquired exact software from apax partners. Exact software heeft nieuwe eigenaar nieuws data news. The sellers are the carlyle group and level equity. Upon closing of this merger, carlyle will retain a minority ownership stake in the newly combined company.
Exact serves entrepreneurial businesses with information technology by delivering sophisticated business software solutions and high quality services. Dutch software firm exact holding said it had been approached by parties about a possible takeover, after reuters reported that private equity funds including apax apax. Funds advised by apax partners to acquire eci software solutions. Clifford chance clifford chance advising exact group b. The apax viii fund apax viii, in which aga is a limited partner, has today announced an agreement in principle to sell exact software. Funds advised by apax partners to acquire eci software solutions exact softwares macola, jobboss and max businesses will be combined with eci current majority owner the carlyle group to continue. Exact softwares macola, jobboss and max businesses will be combined with eci current majority owner the carlyle group to continue as minority investor fort worth, tx and new yorkmonday, august 14, 2017 funds advised by apax partners apax. Exacts businesses macola, jobboss and max to be combined with eci software solutions inc. Mar 04, 2019 euclid infotech ltd via comtex funds advised by apax partners the apax funds have announced an agreement in principle. Apax partners to sell exact software stake to kkr apex partners. The transaction is subject to ordinary conditions to closing. Phill robinson, chief executive officer of exact software, said.
Exact employs 1,400 people in 12 different countries and 21 offices worldwide. Funds advised by apax partners to acquire eci software solutions exact softwares macola, jobboss and max businesses will be combined with eci. Apax appears to be doubling down on its presence in the erp software space within the smb manufacturing market and extending further into cloudbased ebusiness solutions. Funds advised by apax will also support exacts strategy for its. The carlyle group and level equity will retain a minority stake in the business. Apax partners closes buy of exact for 730 mln euros pe hub. Apax partners acquisition of eci software solutions. Apax partners llp is a british private equity firm, headquartered in london, england.
London, uk, and delft, the netherlands, 26 february 2019. Apax partners to acquire eci software solutions the imaging. Aug 17, 2017 exact software is a portfolio company of apax. Apax also announced that concurrent with this transaction the macola, jobboss and max businesses of exact software will be combined with. They will combine the companies under the eci banner. Apax partners has completed its acquisition of exact for 730 million euros. Private equity investment group, apax partners, invest in leveraged and management buyouts, growth capital and late venture funds. Exact software, of delft, the netherlands, provides business and.
Apax partners bought exact for 730 million in 2015. Showcasing your logo on branded merchandise that captures the essence of your business can help you build a strong relationship with your audience apax group is your onestop shop for promotional products and business gifts. Apax partners to sell exact software stake to kkr pe hub. Exact software a leading vendor of onpremises and cloudbased accounting and enterprise resource planning software and services for small and mediumsized businesses. Mar 04, 2019 mar 04, 2019 euclid infotech ltd via comtex funds advised by apax partners the apax funds have announced an agreement in principle to sell their stake in exact software exact, a leading. Exits from exact software and assuredpartners the apax viii fund apax viii, in which aga is a limited partner, has today announced an agreement in principle to sell exact software. Aug 14, 2017 the apax funds investment will accelerate this initiative as eci continues to provide bestofbreed, industryspecific functionality. Fort worth, tx and new york funds advised by apax partners apax funds today announced that they have reached a definitive agreement to acquire eci software solutions, a provider of enterprise resource planning erp software solutions to small and mediumsized businesses smb across the distribution, field services, building and construction and manufacturing industries. Under the wings of the british investor the dutch software. Funds advised by apax partners announced that they have reached a definitive agreement to acquire eci software solutions, a provider of enterprise resource planning erp software solutions to small and mediumsized businesses smb across the distribution, field services, building and construction and manufacturing industries eci has invested heavily in its core verticals to transition all. The division will be acquired by funds advised by apax partners and combined with eci software solutions. Exact software will now consult with its works council.
Investegate apax global alpha ld announcements apax. Jul 11, 2014 dutch software firm exact holding said it had been approached by parties about a possible takeover, after reuters reported that private equity funds including apax apax. London, uk, and delft, the netherlands, 26 february 2019 funds advised by apax partners the apax funds have today announced an agreement in principle to sell their stake in exact software exact, a leading provider of business and accounting software in the benelux region, to kkr, a leading global investment firm. Kkr to acquire exact software from funds advised by apax partners 26 february 2019 london, uk, and delft, the netherlands, 26 february 2019. The companys integrated software suite includes financial management, logistics, crm, hr and payroll. London, uk, and delft, the netherlands, 26 february 2019funds advised by apax partners the apax funds have today announced an agreement in principle to sell their stake in exact software exact, a leading provider of business and accounting software in the benelux region, to kkr, a leading global investment firm. We would like to thank apax, who have been an incredibly supportive partner to exact. Kkr to acquire exact software from funds advised by apax partners. In conjunction with the deal, the macola, jobboss and max businesses of exact software, a portfolio company of apax funds, will merge with eci. Exact business software for smes and their accountants.
Software firm exact enjoys record year and aims to double. Infotrends infoblog eci software acquired by apax partners. Since the investment by the apax funds in 2015, exact has experienced rapid growth and extended its market leadership. Apax still retains some of the investment it originally made as it restructured the company when it bought eci software solutions in 2017. We are the go to provider for companies looking to automate their accounting, financial, erp, hrm and crm processes. The apax funds investment will accelerate this initiative as eci continues to provide bestofbreed, industryspecific functionality. The company also operates out of six other offices in new york, hong kong, mumbai, tel aviv, munich and shanghai. Aug 15, 2017 apax partners completed a buyout of exact in april 2015 for 730 million. Aug 14, 2017 the sellers are the carlyle group and level equity. Current majority owner the carlyle group to continue as minority investor. Up until february this year, exact was owned by private equity firm apax partners. Apax viii also announced on 21 february 2019 that it has agreed to sell its entire stake in assuredpartners.
Highgrowth cloud software provider exact secures 730m. Apax adds saas provider eci software to portfolio mergers. Exact, founded in 1984, has its headquarters in delft. Apax partners is one of the worlds leading private equity investment groups. The division will be acquired by funds advised by apax partners. Kkr and management of exact software exact acquired exact from apax partners. Exact softwares macola, jobboss and max businesses will. Apax funds acquisition of eci is the start of another exciting chapter in our history of supporting the growth of small and mediumsized businesses, said ron books, ceo of eci software solutions since 2009 and with the company for over 19 years. Kkr to acquire exact software from funds advised by apax.
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