Koch bought out the remainder of the interest of Golden Gate Capital, which founded Infor 18 years ago and built it through a string of acquisitions. Bloomberg News quoted an insider as saying the deal was for $11 billion, up to $13 billion with preferred shares. The deal is expected to close in the first half of this year with Infor becoming a standalone subsidiary of Koch Industries, operated by the current management team. Koch bought a $2-billion stake in Infor in 2017 and added another $1.5 billion a year ago. Infor reported revenue of $3.17 billion for the year ended April 30. The company has undergone a major change in leadership since August when CEO Charles Phillips became chairman of the company and CFO Kevin Samuelson moved into the CEO’S job. One of the salient points of the Infor balance sheet is long-term debt, $5.14 billion as of October 31. There was a $667.2 million accumulated shareholders’ deficit, which makes a debt-to-equity ratio a bit odd. The debt has been brought about by the long string of acquisitions.