The other two divisions are Retail Distribution, headed by Craig McCollum who is a veteran of Sage and Microsoft, and ERP. Retail Solutions will be owned by the funds advised by Apax Partners that own Epicor. Apax put the old Epicor together with the former Activant Solutions and the company has been reportedly for sale. The new action seems to be and admission nobody wanted to buy the entire package. The spin off and a related debt refinancing are expected to be completed next month. Epicor will have a debt offering of $2.1 billion that will be used to finance the company's $1.3 billion in outstanding debt, $400 million of notes held by the Company's indirect parent and to fund a dividend distribution to shareholders.
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EPICOR TO EJECT RETAIL GROUP Featured
Epicor Software has outlined plans to spin off its Retail Solutions business into a separate company. 
The unit will be temporarily known as SpinCo until the transaction is complete. Retail Solutions had $36.8 million in revenue for the second quarter ended March 31, an increase of 14.3 percent from $32.2 million in last year's corresponding period. For the quarter, Retail Solutions had the best revenue performance of Epicor's three business units. The new company will be headed by Noel Goggin, who is currently EVP and general manager of the group.
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