The company is betting that private equity investment will boost its turnaround efforts in the competitive data management software space.
KKR will acquire 65% of the Japanese retailer and Rakuten will take a 20% share through a newly-created subsidiary.
CD&R has “significant experience investing in the industrial sector, from which most of Epicor’s customer base hails."
The target’s revenue has fallen during COVID-19 but the company has recently seen a jump in domestic demand.
The investment is the first step toward a broader deal under which KKR would acquire 60% of Coty's professional beauty and hair care business.
The firm's assets under management rose 12% in 2019, reflecting growing demand worldwide for private investments.
Bid is up 40% from late May when talks between the companies were first reported.
The company said the deal brings its valuation to $1 billion.
Two hedge funds have declined to participate in the compensation of the former retailers' U.S. workers.
The deal will "create a competitive automotive supplier which is extremely well placed among the global Top Ten.”
In a $6 billion deal, the private-equity firm will replace KKR as the majority owner of Sedgwick, the largest U.S. insurance claims service provider.
For Tipalti's new finance chief, successful experiences in consulting and private equity led to her entry into one of today's most dynamic industries.
