Weil Advises Canada Pension Plan Investment Board in the $11B Take-Private of The Ultimate Software Group, Inc.

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Weil is advising Canada Pension Plan Investment Board (CPPIB), as part of a consortium led by Hellman & Friedman that also included Blackstone and GIC, in the consortium’s approximately $11 billion take-private acquisition of The Ultimate Software Group, Inc., a global provider of human capital management (HCM) solutions in the cloud. The transaction is expected to close in mid-2019 and is subject to customary closing conditions including regulatory approvals.

The Weil team advising CPPIB is led by global co-head of Private Equity Douglas Warner and Private Equity partner Christopher Machera and includes Private Equity associates Timothy Burns, Matthew Merritt and Emmanuel Charles. The team also includes Tax partner Mark Schwed; Private Funds partner Stephanie Srulowitz; International Arbitration & Trade partner Ted Posner; Antitrust counsel Vadim Brusser and Michael Naughton; Tax associate Steven Ort; and Private Funds associate Kimberly Snyder.