Infor Said to Draw Interest in Stake From Blackstone, CVC

  • Hellman & Friedman, TPG also considering minority-stake bids
  • New York-based Infor owned by Golden Gate, Summit since 2012

Infor, the closely held enterprise-software company, is selling a minority stake and attracting interest from some of the world’s largest buyout firms, people with knowledge of the matter said.

Blackstone Group LP, CVC Capital Partners and TPG are among the groups interested in buying a stake, which could imply an enterprise value for Infor of about $9 billion, said the people, who asked not to be identified because the information is private. Hellman & Friedman is also considering a bid, the people said.

Infor’s owners, investment firms Golden Gate Capital and Summit Partners, are working with Morgan Stanley to field interest in at least part of the group’s stake, the people said. While some of the bidders would be interested in buying the company outright, Golden Gate may be reluctant to sell, they said, and the company’s capital structure would complicate a full sale.

Spokesmen for Infor, Blackstone and TPG declined to comment. Spokesmen for Golden Gate, Summit, Hellman & Friedman, CVC and Morgan Stanley didn’t immediately respond to e-mail requests for comment.

Golden Gate and Summit invested in New York-based Infor in a 2012 deal that valued Infor at about $1.8 billion, according to data compiled by Bloomberg.

That deal was completed alongside a merger with Lawson software. The combined group specializes in making enterprise software, working with more than 70,000 customers in more than 200 countries, according to the company’s website.

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