Ultimate Software宣布将以110亿美元现金交易私有化

（2019年2月14日，/HRoot.com/）全球领先的人力资本管理云解决方案提供商Ultimate Software（以下简称“Ultimate”） (Nasdaq: ULTI) 日前宣布，公司已经签订了最终的合并协议，将与由私募股权公司Hellman & Friedman领导的投资集团合并，以每股331.50美元进行全现金交易，交易总金额约为110亿美元，Ultimate 将作为一家私营公司运营。

该公司在声明中表示：根据协议条款，在交易结束时，所有持有Ultimate普通股的Ultimate股东将获得每股331.50美元现金。在截至2019年2月1日的30个交易日内，此价格比Ultimate的成交量加权平均价格溢价约32％，并且比Ultimate的历史最高收盘价溢价。Ultimate的董事会一致批准了这项交易，并建议股东投票支持该交易。

交易完成后，Ultimate将继续在首席执行官Scott Scherr和现有高级管理团队的领导下运作。这家私营公司将由Hellman＆Friedman领导的投资集团拥有，该投资集团将与重要投资者Blackstone，GIC和加拿大养老金计划投资委员会（CPPIB）以及包括JMI Equity在内的其他投资者合作。

“该交易为我们的股东提供了大幅溢价。我们的决定也是出于我们5,144名员工的最佳利益和超过5,600名客户的利益。无论是长期还是短期，这一变化将为我们的员工和客户带来有意义的利益。所有的员工在加入公司时都获得了Ultimate的股权；作为股东，这笔交易将为他们提供直接的财务上升空间。公告还将允许我们对我们的产品和服务进行额外的、谨慎的投资，以更好地为我们的客户服务。”Ultimate的首席执行官、总裁兼创始人Scott Scherr说。

“我们的客户将受益于我们更快地将新功能和服务推向市场的能力，同时仍然享受与现在的Ultimate相同的高水平服务，以及我们产品的新创新。Hellman & Friedman完全符合我们为全球人力资源市场服务的愿景，同时保留了我们独特的企业文化和使命，”Scherr说。

交易完成后，Ultimate将继续在全球范围内开发、营销、交付和服务其人力资本管理和员工体验解决方案套件，包括人力资源、薪资管理、福利管理、人才获取、人才管理、员工管理、员工情绪分析和人力资源服务交付。

“Ultimate在人力资本管理领域的市场领导地位，以及公司令人印象深刻的增长记录，都建立在其软件的卓越品质及其充满活力和积极性的员工的基础上。公司深刻理解人力资本管理的本质，凭借其出色的使命驱动型文化，多次获得最佳工作场所奖项。”Hellman＆Friedman合伙人David Tunnell表示，“我们期待着与Ultimate的成功合作，与我们的投资合作伙伴Blackstone，GIC，CPPIB和JMI Equity合作。”

Blackstone高级董事总经理Martin Brand补充道： “我们很高兴与Ultimate和投资集团合作，共同支持这家卓越公司的强劲增长和文化。”

该交易预计将于2019年中期完成，但须经股东批准和其他惯例成交条件（包括监管部门批准）。

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