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New Deal


Announced

Completed

Neuberger Berman and QIA completed the $270m investment in Apax-backed Paycor.

Financials

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Transaction Value£198m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Software

United States

Minority

software provider

Cross Border

Acquisition

Private Equity

Private

Completed

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Synopsis

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Neuberger Berman, an investment firm, and Qatar Investment Authority, a sovereign wealth fund of the State of Qatar, completed the $270m investment in Apax-backed Paycor, a provider of SaaS payroll and human capital management software. Additional investors include ClearBridge Investments, Franklin Templeton, Leumi Partners, and Teca Partners. “The partnership of these new investors with Paycor speaks to the momentum we have achieved as a leader in HCM and the opportunities we see ahead. This allows Paycor to accelerate our strategy of serving our customers with industry-leading technology and expertise," Raul Villar, Paycor CEO.

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