Blackstone, GIC in $750 mln investment in Kronos

The Blackstone Group and GIC have invested $750 million in cloud-based workforce management services business Kronos Inc, investing alongside original investors Hellman & Friedman and JMI Equity. Hellman & Friedman will remain the majority investor. Hellman & Friedman and JMI Equity took Kronos private in 2007 in a $1.8 billion transaction.

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