![Infor](/-/media/images/experience-feature-images/2021/infor_social.jpg?rev=a19841b4a353496bbd07a58a1496c5d8&la=en&h=800&w=1600&hash=5698F7F71B4C6AED73C715AE4F7BB899)
Infor sells Enterprise Asset Management business in $2.8 billion carveout sale
Client(s) Koch Industries, Inc.
Jones Day advised Infor, a wholly owned subsidiary of Koch Industries, Inc., in the sale of its Enterprise Asset Management business to Hexagon AB for $2.8 billion, consisting of (i) $800 million in cash and (ii) approximately $2 billion of Hexagon’s common stock (HEXA-B.ST). Upon the closing of the transaction, Koch indirectly owns approximately 5.5% of Hexagon’s outstanding stock and will have the right to appoint one member of the board of directors of Hexagon.