Private equity firm Clayton Dubilier & Rice completed the acquisition of Epicor Software, an enterprise resource planning provider, from KKR for $4.7bn. "We believe Epicor is positioned to accelerate growth in the coming years based on the company's reputation for quality and reliability and impressive portfolio of next-generation cloud products. We are focused on applying CD&R's experience—both in software and industrial end markets—to support the talented Epicor management team and its growth plans, including the pursuit of strategic acquisitions," Jeff Hawn, CD&R Operating Partner.