Hellman-led group to buy Ultimate Software for $11 bln
An investor group led by Hellman & Friedman is buying Ultimate Software for $331.50 share cash or about $11 billion. In additional to Hellman, buyers include Blackstone, GIC, Canada Pension Plan Investment Board (CPPIB), as well as other investors including JMI Equity. Ultimate Software provides cloud-based human capital management and employee experience solutions, with more than 48 million people records in the cloud.
4 February 2019•10 mins read
