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Firm Represents Hellman & Friedman in Announced Acquisition of Kronos Inc.

03.26.07
 

The firm is representing Hellman & Friedman in its announced acquisition of Kronos Incorporated, a leading provider of human capital management solutions, for approximately $1.8 billion. Kronos shareholders will receive $55 in cash for each share of common stock they own, representing a 34.4% premium over Kronos' closing share price 20 days prior to the announcement of the transaction. The Company derives revenues from the licensing of software solutions, the sales of hardware solutions and the provision of professional services and subscription services, and it serves customers in more than 50 countries.

The Simpson Thacher team working on this deal includes: Bill Dougherty, Joel Karansky, Pierre-Luc Arsenault and Felton Booker (M&A); James Cross, Brian Steinhardt and Christian Struck (Credit); Steve Todrys and Helena Wolin (Tax); Jamin Koslowe and Beth Understahl (Employee Benefits); Lori Lesser, Robyn Rahbar and Melissa Ganz (Intellectual Property); as well as paralegal Jenny Weisenbeck.