Paychex to acquire Paycor from Apax Partners for $4.1bn.

Paychex, an American company providing human resources, payroll, and employee benefits outsourcing services, agreed to acquire Paycor, an HR, payroll and talent software provider, from Apax Partners, a British private equity firm, for $4.1bn. “Paycor’s mission is to empower business leaders to achieve greater success. We believe this transaction will create a great outcome for our clients and key stakeholders, and we are very excited to be joining Paychex for the next phase of our journey. We are confident that our customers will benefit from the shared expertise, resources, and innovative HCM solutions of both companies to drive even greater people and business performance,” Raul Villar, Jr., Paycor CEO.