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.