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New Deal


Announced

Completed

ADP completed the acquisition of Celergo from Frontier.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

offshore payroll services

Majority

payroll management services

Acquisition

Friendly

United States

global payroll solutions

Private

Diversified Financials

Completed

Private Equity

Synopsis

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ADP, a provider of business outsourcing solutions, completed the acquisition of Celergo, a provider of global payroll management services, from Frontier. Financial terms were not disclosed. The acquisition will enhance ADP's international payroll offerings with a strong platform and new solutions, including cross-currency and expatriate payment services. "Celergo enhances ADP's multi-country payroll capabilities in a rapidly evolving global market and will improve the client experience and drive revenue growth. This builds on our recent acquisitions of Global Cash Card and WorkMarket, all of which address a changing workforce that is increasingly global, freelance or part-time, and requires flexible payment solutions," Carlos Rodriguez, ADP President and CEO.

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