Jones Day is advising Koch Industries subsidiary Koch Equity Development on its purchase of a $2 billion stake in Infor, a maker of cloud-based business management software.
November 17, 2016 at 02:52 PM
1 minute read
Jones Day is advising Koch Industries subsidiary Koch Equity Development on its purchase of a $2 billion stake in Infor, a maker of cloud-based business management software.
KED will acquire a significant stake in Infor in a combination of preferred and common equity that, according to Reuters, values the New York-based private company at about $10 billion. The transaction, announced Wednesday, is expected to close in early 2017.
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