The investment arm of the conglomerate Koch Industries took about a 25 percent stake in Infor, which bought supply chain software maker GT Nexus in 2014.
Infor, the parent company of supply chain software provider GT Nexus, has received a $2.5 billion investment from Koch Equity Development, the investment arm of the conglomerate Koch Industries.
The deal, reported widely Wednesday, values the enterprise resource planning (ERP) software provider Infor at around $10 billion. Koch will have four representatives on Infor’s board, according to a report in Fortune. Other board members include representatives from existing investors Golden Gate Capital and Summit Partners, and Infor chief executive Charles Phillips.
The report said The Blackstone Group, a private equity firm that has in the past invested in logistics companies, was also rumored to be interested in Infor.
In 2014, Infor acquired GT Nexus, a global freight planning, execution, and visibility software vendor, for $675 million.
Phillips said the connection to Koch came through longtime Infor customer and Koch Industries constituent company Georgia Pacific, and gives Infor the financial clout to compete with its bigger rivals SAP and Oracle, Fortune reported.
Koch invests $2.5b in GT Nexus parent
