IFLR1000

Hellman & Friedman $11 billion acquisition of Ultimate Software Group

4/2/2019
Private acquisition
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$ 11 billion

Announced

4/2/2019

Overview:

  • Private equity firm Hellman & Friedman has led the $11 billion acquisition of human resources software company Ultimate Software Group.
  • Hellman & Friedman led an investor group that also included Blackstone and the Canada Pension Plan Investment Board (CPPIB). 
  • The transaction is expected to close in mid-2019.

Kurt Stumpo - US Editor

Jurisdiction:

United States

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Technology and telecommunications

Firms:
Simpson Thacher & Bartlett

Party: Hellman & Friedman (Acquirer)

Lawyer: Atif Azher

Stroock & Stroock & Lavan

Party: Ultimate Software Group (Target)

Lawyers: Christopher Doyle, Jeffrey Lowenthal

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