Aug 31, 2020 - Economy & Business

Clayton, Dubilier & Rice to buy Epicor Software for $4.7 billion

Dan Primack, author of Pro Rata

Illustration: Eniola Odetunde/Axios

Clayton, Dubilier & Rice has agreed to buy Texas-based business management software company Epicor Software from KKR for $4.7 billion (including debt).

Why it matters: It's the largest enterprise software deal so far in 2020. It's also a big win for KKR, which tried but failed to sell Epicor last year.

  • ROI: KKR bought Epicor in 2016 from Apax Partners for around $3.3 billion (including debt), and it recently extracted $560 million via a $1.7 billion dividend recap.

The bottom line: "The company, which makes back-office and sales software for manufacturing, distribution, retail and service-industry customers ... has completed a number of acquisitions under KKR’s ownership. Those include deals for electronic-data interchange software maker 1 EDI Source Inc. and warehouse-management software provider Majure Data," writes the Wall Street Journal's Miriam Gottfried.

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Ina Fried, author of Login
Sep 18, 2020 - Technology

Scoop: How the Oracle-TikTok deal would work

Illustration: Aïda Amer/Axios

An agreement between TikTok's Chinese owner ByteDance and Oracle includes a variety of concessions in an effort to make the deal palatable to the Trump administration and security hawks in Congress, according to a source close to the companies.

Driving the news: The deal, in the form of a 20-page term sheet agreed to in principle by the companies, would give Oracle unprecedented access and control over user data as well as other measures designed to ensure that Americans' data is protected, according to the source.

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Axios
Updated 31 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 a.m. ET: 30,804,120 — Total deaths: 957,348— Total recoveries: 21,062,785 — Map.
  2. U.S.: Total confirmed cases as of 7 a.m. ET: 6,766,631 — Total deaths: 199,268 — Total recoveries: 2,577,446 — Total tests: 94,211,463 — Map.
  3. Education: What we overlooked in the switch to remote learning
  4. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  5. Health: The dwindling chances of eliminating COVID-19.
  6. World: Guatemalan president tests positive for COVID-19 — The countries painting their pandemic recoveries green.
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Ashley Gold, Erica Pandey
1 hour ago - Economy & Business

What we overlooked in the switch to remote learning

Illustration: Eniola Odetunde/Axios

America’s rapid and urgent transition to online school has come with a host of unforeseen consequences that are only getting worse as it continues into the fall.

The big picture: The issues range from data privacy to plagiarism, and schools are ill-equipped to deal with them, experts say.

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