Estimated reading time: 0 minutes, 59 seconds

KOCH INVESTING $2B IN INFOR Featured

KochInfor is getting a big infusion as Koch Equity Development has agreed to invest more than $2 billion in the software company. In its press release, Infor said, "The investment will provide Infor access to additional growth capital to accelerate innovation, expand distribution, and continue disrupting the enterprise applications industry."

The deal, a combination of preferred and common equity, is expected to close early next year. Infor's existing shareholders, including Golden Gate Capital, Summit Partners, and Management will maintain control of the company. But one of the more interesting provisions is that KED can name four of the nine directors of Infor's parent company. KED is a subsidiary of Koch Industries. The name, of course, comes from the Koch brothers, Charles and David, who have contributed to libertarian conservative think tanks. A statement on the Koch Industries website has a strong ring of populism, and also is not so far from some thinking on the left of the political spectrum. It talks about policies having created "a two-tiered society that gives unfair advantages to the financially privileged and politically connected few. America today is failing our most vulnerable and holding people back from reaching their extraordinary potential." Hmm.

Read 1888 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.