Stroock Advises Ultimate Software On Its $300 Million Acquisition of PeopleDoc
New York, July 31, 2018 — Stroock & Stroock & Lavan LLP advised The Ultimate Software Group, Inc. (Nasdaq: ULTI) on its acquisition of PeopleDoc SAS, an HR service delivery platform based in Paris, France, for approximately $300 million in a combination of cash and stock.
Ultimate is a leading provider of cloud-based human capital management solutions, with more than 40 million people records in the Ultimate cloud. Ultimate’s award-winning UltiPro product suite delivers HR, payroll, talent, and time and labor management solutions that connect people with the information they need to work more effectively.
The Stroock team was led by Christopher Doyle, co-chair of Stroock’s Corporate Group, and included partners Ian DiBernardo and Jeffrey Uffner; special counsels Daniel Park, Elizabeth DiMichele and Jeffrey Mann; and associate Alexandra Cowen.
A team at Simmons & Simmons LLP, led by Christian Taylor, Head of the Corporate and Commercial Practice Group in the Paris office, advised Ultimate on all aspects of French and EU law.
Stroock provides strategic transactional, regulatory and litigation advice to advance the business objectives of leading financial institutions, multinational corporations and entrepreneurial businesses in the U.S. and globally. With a rich history dating back 140 years, the firm has offices in New York, Los Angeles, Miami and Washington, D.C.