UKG’s Acquisition of Ascentis

Simpson Thacher represented UKG on the deal.

UKG Inc. announced 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 (Picture), 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).

Involved fees earner: Naveed Anwar – Simpson Thacher & Bartlett; Atif Azher – Simpson Thacher & Bartlett; Whitney Bosworth – Simpson Thacher & Bartlett; Michaela Dion – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Harry Hudesman – Simpson Thacher & Bartlett; Mariel McClenahan – Simpson Thacher & Bartlett; Benjamin Persina – Simpson Thacher & Bartlett; Tyler Robbins – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Scott Schilson – Simpson Thacher & Bartlett; Kira Shannahan – Simpson Thacher & Bartlett; Christian Sheets – Simpson Thacher & Bartlett; Brian Steinhardt – Simpson Thacher & Bartlett; Jack Traylor – Simpson Thacher & Bartlett; Guanxiong Xu – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: UKG;

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Author: Youness Semri