Golden Gate Capital Completes Acquisition of Lawson Software
ATLANTA, GA (July 5, 2011) – GGC Software Holdings, Inc., an affiliate of Golden Gate Capital and Infor Global Solutions, today announced the completion of its acquisition of Lawson Software, Inc., under the terms of the merger agreement disclosed on April 26, 2011.
Lawson is a global provider of industry-specific enterprise resource planning software products to over 3,500 companies in the healthcare, manufacturing, distribution, public sector, equipment rental, retail and services industries. Focused primarily on medium and large enterprises, Lawson’s “mission critical” business application software and services automate and integrate critical business processes, enabling customers to better manage their suppliers, partners, customers and employees.
“Today represents an important milestone for Lawson Software as we develop our market presence further,” said Stephan Scholl, CEO of Lawson. “With the support of Golden Gate’s resources and the benefit of its deep industry expertise, we are well placed to build upon our leading technologies and products to better serve our customers.”
“We are enthusiastic about the growth opportunities we see for Lawson,” Prescott Ashe, Managing Director at Golden Gate Capital, said. “Looking forward, our focus is on continuing to build its market leadership by delivering best-in-class, industry-specific business application software and services.”
“The acquisition of Lawson represents a significant strategic addition to Golden Gate Capital’s software portfolio,” said David Dominik, Co-founder and Chief Investment Officer of Golden Gate Capital. “In turn, that portfolio opens up an array of new resources and opportunities for Lawson to capitalize upon.”
Golden Gate Capital is a San Francisco-based private equity firm, and one of the most active software investors in the world. The multi sector fund has invested in, or acquired, more than 70 technology companies since its inception in 2000. Golden Gate’s current portfolio of software companies had combined revenues of approximately $4 billion, in 2010.
About Lawson Software
Lawson Software is a global provider of enterprise software. Lawson provides business application software, maintenance and consulting to customers primarily in specific services, trade and manufacturing/distribution industries. The Company specializes in and targets specific industries including healthcare, services, public sector, equipment service management and rental, manufacturing and distribution, and consumer products industries. Lawson is headquartered in St. Paul, Minn., and has offices around the world. For more information, visit www.lawson.com.
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $9 billion of capital under management. Golden Gate is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. The firm targets investments where there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Golden Gate have a long and successful history of investing with management partners across a wide range of industries and transaction types, including leveraged buyouts, recapitalizations, corporate divestitures and spin-offs, build-ups and venture stage investing. For more information, visit www.goldengatecap.com.