Big investment firms team up to bid on software company

The Blackstone Group is teaming up with CVC Capital Partners to make a major investment in New York enterpris⛎e software firm Infor, The Post has learned.

The investment, which may or may 💝not turn out to be a majo💮rity stake, will value Infor, the Big Apple’s largest software firm, at more than $10 billion, two sources close to the situation said.

Apax Partners is als💮o believed to be in𓂃 the running with its own bid.

A deal between Steve Schwarzman’s Blackstone, CVC and Charl🧸es Phillips’ Infor could be reached by the end of the month, the sources said.

Infor, which employs 350 people at its headquarters in Chelsea, is a mini-SAP that Phillipඣs started running in late 2010 after he resigned as president of Oracle.

Ninety thousand companies run their 🃏operations with Infor software, employed to record sales and track inventory, among other uses.

The money Infor will receive from the proposed deal — $2 billion to $4 billion — would be split among Infor’s owners, Golden Gate Capital, Summit Partners and Phillips, as well as other🐽 management team members, two sources said.

Presently, Infor is balanc🃏ing its steady revenue with a heavy debt load of $6.5 billion.

Moody’s Invest𒉰ors Service rates Infor’s debt at B3, a high credit risk.

In fact, with the company generating only $320 million in 2015 cash flow, it has too ಞmuch debt (20 times its cash flow) to list its shares in an initial public𒁏 offering, a debt analyst said.

There are no sig꧑nificant principal payments due unt📖il 2020, the analyst said.

Earnings are only expected to grow about ൲5 percent annually in the near term, the analyst said.

The company is working hard on industry verticals and sub-verticals, and moving cus♏tomers to the cloud to boost its growth, a source said.

Blackstone is partly attracted to the business bꦜecause its software is hard to replace, making annual maintenance fees a reliable source of revenue, sources said.

In 20𝐆10, th🎉e married Phillips made headlines after his longtime girlfriend, after discovering he was not single, placed posters featuring photos of them in happier times in various parts of several cities.

The pos💮ters placed by the woman, Ya𒐪Vaughnie Wilkins, featured a quote from Phillips to her: “You are my soul mate forever.”

Blacks♎tone, CVC a🦩nd Infor declined comment on the proposed investment. Apax did not return calls.