Simpson Thacher represented UKG Inc. in its acquisition of Ascentis Corporation. Financial terms of the transaction were not disclosed.
UKG is a leading global provider of human capital management, payroll, HR service delivery and workforce management solutions.
Headquartered in Eden Prairie, Minnesota, Ascentis is a provider of full-suite HR and workforce management solutions that has grown from 860 customers to 4,800 customers in the past five years.
The Simpson Thacher team included Atif Azher, Naveed Anwar, Kira Shannahan, Michaela Dion, Jack Traylor, Marina Hernandez, Mariel McClenahan and Christian Sheets (M&A); David Rubinsky, Harry Hudesman, Scott Schilson and Guanxiong Xu (Executive Compensation and Employee Benefits); Brian Steinhardt, Ben Persina and Whitney Bosworth (Credit); Jonathan Goldstein, Tyler Robbins and Lina Pan (Tax); Lori Lesser, Corina McIntyre and Bobbie Burrows (Intellectual Property); and Sara Razi, Kelly Karapetyan, John Goheen and Andrew Jensen (Antitrust).