Simpson Thacher represented the underwriters, led by Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, in connection with the offering by certain selling stockholders of 13,800,000 shares of common stock of Paycor HCM, Inc. (“Paycor”), which includes the full exercise of the underwriters’ option to purchase additional shares. The selling stockholders received $441.6 million in gross proceeds from the offering.
Paycor is a leading Software-as-a-Service provider of human capital management solutions for small and medium-sized businesses.
The Simpson Thacher team for this transaction included Art Robinson, Hui Lin, Ben Heriaud and Asha Amin (Capital Markets); Andrew Blau and Garrick Ehlers (Executive Compensation and Employee Benefits); Sophie Staples (Tax); Jennie Getsin (FINRA & Blue Sky); Michael Isby (Environmental); Genevieve Dorment and Corina McIntyre (IP); and Vanessa Burrows (Healthcare).