Advising Ultimate Software Group on the US$300 million acquisition of PeopleDoc
09 Aug 2018
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Simmons & Simmons has advised Ultimate Software Group, a leading provider of human capital management solutions, on its acquisition of PeopleDoc for approximately US$300m. PeopleDoc is a Paris-based pioneer in HR service delivery, with additional offices in Germany, the UK, Finland, the Netherlands, Canada and the United States. PeopleDoc has more than 1,000 customers with users in 180 countries. The acquisition was completed on 27 July 2018.
Christian Taylor, partner and head of Corporate M&A group at Simmons & Simmons Paris, commented: “This is Ultimate Software’s first acquisition in Europe, and we are delighted to have advised them on this transaction at a time when we are seeing increased interest from US clients in the French market.”
The team at Simmons & Simmons, led by Christian Taylor, included:
- Sibylle Renard-Payen (supervising associate), Antoine Melchior and Thomas Helman (associates), for corporate aspects
- Romain Viret (of counsel), for IP aspects
- Elise Mariot (managing associate) and Sophie Finel (associate), for employment law aspects
Stroock & Stroock & Lavan LLP (Chris Doyle, partner, Daniel Park, special counsel, and Alexandra Cohen, associate) advised Ultimate Software Group on US law issues.
The sellers of PeopleDoc were advised by FTPA on French law issues and by Cooley LLP on US law issues.