INFOR Acquisition Corp. Announces Completion of $200,000,000 Initial Public Offering of Class A Restricted Voting Units

TORONTO, ONTARIO--(Marketwired - May 27, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES

INFOR Acquisition Corp. ("INFOR Acquisition" or the "Company") is pleased to announce the closing (the "Closing") of its initial public offering (the "Offering") of $200,000,000 of Class A restricted voting units (the "Class A Restricted Voting Units"). The Company has granted the underwriters of the Offering a 30-day option following the Closing to purchase up to an additional 3,000,000 Class A Restricted Voting Units, at a price of $10.00 each ("Over-Allotment Option"). The proceeds from the distribution of the Class A Restricted Voting Units (along with the proceeds from any exercise of the Over-Allotment Option granted by the Company) will be deposited into an escrow account and will only be released upon certain prescribed conditions, as further described in the final prospectus dated May 15, 2015.

INFOR Financial Group Inc. ("INFOR") is the sponsor of INFOR Acquisition. INFOR is a leading independent merchant bank based in Toronto.

Each Class A Restricted Voting Unit has an offering price of $10.00 per unit and consists of one Class A Restricted Voting Share and one‐half of a warrant ("Warrant"). Following the Qualifying Acquisition, as defined in the final prospectus, each Class A Restricted Voting Share will be automatically converted into one Class B Share and each whole Warrant will entitle the holder thereof to purchase one Class B Share of INFOR Acquisition at an exercise price of $11.50, subject to the terms and conditions described in the final prospectus. Upon certain events, the Class A Restricted Voting Shares, forming part of the Class A Restricted Voting Units, will be redeemable by holders for a pro‐rata portion of the escrow account, net of taxes payable and other prescribed amounts, as further described in the final prospectus.

INFOR, Element Investment Corp., a wholly-owned subsidiary of Element Financial Corporation, and some of the directors of INFOR Acquisition as a group (collectively, the "Founders"), have purchased an aggregate of 800,000 Class B Units at an offering price of $10.00 per Class B Unit (for an aggregate purchase price of $8,000,000). Each Class B Unit consists of one Class B Share and one-half of a Warrant. Brian J. Gibson, William T. Holland, Rod Phillips, Steven Small and Richard E. Venn have also purchased an aggregate of 105,000 Class A Restricted Voting Units pursuant to the Offering.

"It is incredibly gratifying to have the support of a large number of Canadian pension plans and global institutional investors working alongside us as partners in INFOR Acquisition," commented Neil M. Selfe, CEO of INFOR Acquisition. "We share a common vision of building another truly great Canadian-headquartered company just as many of our Founders have successfully done in the past. We believe that Canada is under-appreciated as a place to do business and we will work diligently to close a qualifying acquisition that befits our principles as a company and maximizes shareholder value," added Mr. Selfe.

The Class A Restricted Voting Units will commence trading today on the Toronto Stock Exchange under the symbol "IAC.UN". The Class A Restricted Voting Units will separate into Class A Restricted Voting Shares and Warrants 40 days following the closing of the Offering (or the next trading day, if the 40th day is not a trading day) and will trade under the symbols "IAC.A" and "IAC.WT", respectively.

The Canadian underwriters for the Offering are being led by CIBC, BMO Capital Markets, GMP Securities L.P. and TD Securities Inc., and include Canaccord Genuity Corp., National Bank Financial Inc., Cormark Securities Inc. and Manulife Securities Inc. CIBC, BMO Capital Markets and Deutsche Bank Securities Inc. are joint book-runners for the Offering.

This press release is not an offer of securities for sale in the United States, and the securities may not be offered or sold in the United States absent registration or an exemption from registration. The securities have not been and will not be registered under the United States Securities Act of 1933. Copies of the final prospectus will be available on SEDAR at www.sedar.com.

About INFOR Acquisition Corp.

INFOR Acquisition Corp. is a newly organized special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or engaging in any other similar business combination with one or more businesses or assets.

About INFOR Financial Group Inc.

INFOR is a leading independent merchant bank based in Toronto. INFOR provides innovative, independent, forward thinking financial and strategic advice to corporations, institutional investors, entrepreneurs and government entities. INFOR's asset management division currently is focused on infrastructure and structured credit investments. INFOR Financial Inc., a wholly-owned subsidiary of INFOR, is an independent investment bank that offers advice on mergers and acquisitions, risk management, private funds as well as corporate restructurings and derivative hedging strategies and, subject to regulatory approval, raising private capital.

Visit INFOR Financial Group at www.inforfg.com

Forward-Looking Statements

This press release may contain forward‐looking information within the meaning of applicable securities legislation, which reflects INFOR's and INFOR Acquisition's current expectations regarding future events. Forward‐looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond INFOR'S or INFOR Acquisition's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward‐looking information. Such risks and uncertainties include, but are not limited to, failure to complete the Offering and related transactions, and the factors discussed under "Risk Factors" in the final prospectus of INFOR Acquisition dated May 15, 2015. Neither INFOR nor INFOR Acquisition undertake any obligation to update such forward‐looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.