（2019年2月14日，/HRoot.com/）全球領先的人力資本管理雲解決方案提供商Ultimate Software（以下簡稱“Ultimate”） (Nasdaq: ULTI) 日前宣佈，公司已經簽訂了最終的合併協議，將與由私募股權公司Hellman & Friedman領導的投資集團合併，以每股331.50美元進行全現金交易，交易總金額約為110億美元，Ultimate 將作為一傢俬營公司運營。
該公司在聲明中表示：根據協議條款，在交易結束時，所有持有Ultimate普通股的Ultimate股東將獲得每股331.50美元現金。在截至2019年2月1日的30個交易日內，此價格比Ultimate的成交量加權平均價格溢價約32％，並且比Ultimate的歷史最高收盤價溢價。Ultimate的董事會一致批准了這項交易，並建議股東投票支持該交易。
交易完成後，Ultimate將繼續在首席執行官Scott Scherr和現有高級管理團隊的領導下運作。這傢俬營公司將由Hellman＆Friedman領導的投資集團擁有，該投資集團將與重要投資者Blackstone，GIC和加拿大養老金計劃投資委員會（CPPIB）以及包括JMI Equity在內的其他投資者合作。
“該交易為我們的股東提供了大幅溢價。我們的決定也是出於我們5,144名員工的最佳利益和超過5,600名客戶的利益。無論是長期還是短期，這一變化將為我們的員工和客戶帶來有意義的利益。所有的員工在加入公司時都獲得了Ultimate的股權；作為股東，這筆交易將為他們提供直接的財務上升空間。公告還將允許我們對我們的產品和服務進行額外的、謹慎的投資，以更好地為我們的客戶服務。”Ultimate的首席執行官、總裁兼創始人Scott Scherr說。
“我們的客戶將受益於我們更快地將新功能和服務推向市場的能力，同時仍然享受與現在的Ultimate相同的高水平服務，以及我們產品的新創新。Hellman & Friedman完全符合我們為全球人力資源市場服務的願景，同時保留了我們獨特的企業文化和使命，”Scherr說。
交易完成後，Ultimate將繼續在全球範圍內開發、營銷、交付和服務其人力資本管理和員工體驗解決方案套件，包括人力資源、薪資管理、福利管理、人才獲取、人才管理、員工管理、員工情緒分析和人力資源服務交付。
“Ultimate在人力資本管理領域的市場領導地位，以及公司令人印象深刻的增長記錄，都建立在其軟件的卓越品質及其充滿活力和積極性的員工的基礎上。公司深刻理解人力資本管理的本質，憑藉其出色的使命驅動型文化，多次獲得最佳工作場所獎項。”Hellman＆Friedman合夥人David Tunnell表示，“我們期待著與Ultimate的成功合作，與我們的投資合作伙伴Blackstone，GIC，CPPIB和JMI Equity合作。”
Blackstone高級董事總經理Martin Brand補充道： “我們很高興與Ultimate和投資集團合作，共同支持這家卓越公司的強勁增長和文化。”
該交易預計將於2019年中期完成，但須經股東批准和其他慣例成交條件（包括監管部門批准）。
Ultimate Software Announces Agreement to be Acquired by an Investor Group Led by Hellman & Friedman to Operate as a Privately Held Company
(Feb.14, 2019, /ultimatesoftware.com/）Ultimate Software (Nasdaq: ULTI), a leading global provider of human capital management (HCM) solutions in the cloud, today announced that it has entered into a definitive merger agreement to be acquired by an investor group led by Hellman & Friedman (“H&F”), a leading private equity investment firm, in an all-cash transaction for $331.50 per share in cash—representing an aggregate value of approximately $11 billion—after which Ultimate Software (“Ultimate”) will operate as a privately held company.
Under the terms of the agreement, all Ultimate stockholders of record will receive $331.50 in cash for each share of Ultimate’s common stock held upon the closing of the transaction. This price represents a premium of approximately 32% over Ultimate’s volume-weighted average price during the 30 trading days ending February 1, 2019, and a premium to Ultimate’s all-time high closing share price. Ultimate’s Board of Directors has unanimously approved this transaction and recommended that stockholders vote in favor of the transaction.
Upon completion of the transaction, Ultimate will continue to operate under the leadership of CEO Scott Scherr and the existing senior management team. The privately held company will be owned by an investor group led by Hellman & Friedman in partnership with significant investors Blackstone, GIC, and Canada Pension Plan Investment Board (CPPIB), and other investors including JMI Equity.
“The transaction provides our stockholders with a substantial premium. Our decision was also made with the best interests of our 5,144 employees and our more than 5,600 customers at heart. This change will bring meaningful benefits to our employees and customers—both in the long and short terms. Since all of our employees are given equity in Ultimate when they join us, as stockholders, this transaction will result in immediate financial upside for them. Today’s announcement will also allow us to make additional, prudent investments in our products and services to better serve our customers,” said Scott Scherr, CEO, president, and founder of Ultimate.
“Our customers will benefit from our ability to bring new features and services to market more quickly, while still enjoying the same high level of service they have with Ultimate today, or better, with new innovations to our offerings. Hellman & Friedman is in full alignment with our vision to serve the global HR market, while preserving our unique company culture and mission,” said Scherr.
After the transaction is complete, Ultimate will continue to develop, market, deliver, and service its suite of human capital management and employee experience solutions globally—including HR, payroll, benefits management, talent acquisition, talent management, workforce management, employee sentiment analysis, and HR service delivery.
“Ultimate’s market leadership in the human capital management segment, and the company’s impressive track record of growth, are built on the outstanding quality of its software and its dynamic and motivated employees. The company deeply understands the essence of human capital management, having itself been recognized with numerous best workplace awards from leading publications for its exceptional mission-driven culture,”said David Tunnell, partner at Hellman & Friedman. “We look forward to building on Ultimate’s successes, working along with our investment partners: Blackstone, GIC, CPPIB, and JMI Equity.”
Martin Brand, senior managing director at Blackstone, added,“We are excited to partner with Ultimate and this investor group to support the strong growth and culture of this exceptional company.”
The transaction is expected to close in mid-2019, subject to stockholder approval and other customary closing conditions including regulatory approvals.
閱讀更多 人力資源市場觀察 的文章
