Apax funds to sell their majority stake in paycor hcm, inc. to paychex, inc.

New york , jan. 7, 2025 /prnewswire/ -- apax partners llp ("apax") today announced that paycor hcm, inc. (nasdaq: pycr) ("paycor"), a leading provider of human capital management ("hcm") software, has entered into a definitive agreement with paychex, inc. (nasdaq: payx) ("paychex") to be acquired in an all-cash transaction for $22.50 per share, representing a total enterprise value of $4.1 billion.  funds advised by apax, together with certain of their affiliates, currently own a majority of paycor's outstanding common stock.
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