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Investor group to buy Ultimate Software

  • Region:

    United States of America, Canada

  • Sector:

    Software & Services

  • Deal Size:

    $11 billion

  • Buy Side Company:

    Hellman & Friedman LLC, The Blackstone Group L.P., GIC Pte. Ltd., Canada Pension Plan Investment Board, JMI Management, Inc.
  • Sell Side Company:

  • Target Company:

    The Ultimate Software Group, Inc.

An investor group led by US-based private equity firm Hellman & Friedman LLC has acquired The Ultimate Software Group, Inc., PE Hub reported. The deal is valued at $11 billion. Based in Weston, Florida, The Ultimate Software Group is a provider of cloud-based human capital management solutions to enterprise companies in the United States and Canada. The investor group included private equity firms like Blackstone, GIC, Canada Pension Plan Investment Board and JMI Equity. Goldman Sachs & Co. LLC provided financial advice to Ultimate Software, and Stroock & Stroock & Lavan LLP provided legal counsel. Qatalyst Partners provided financial advice to the investor group and Simpson Thacher & Bartlett served as legal counsel to Hellman & Friedman on the transaction.

Tags:

Private Equity Deals,PE deals, Private Equity