dChan - Q Origins Project Archive

Ceridain HCM Holdings sold by Thomas Lee Partners: $520.94-August 28

part 2 of sale involving a secondary offering-following on a sale of $437.57m that was sold on June 8th, 2020 and filed (reported) on August 24th-cap#2

Ceridian Announces Pricing of Secondary Public Offering

https://www.marketscreener.com/quote/stock/CERIDIAN-HCM-HOLDING-INC-43133651/news/Ceridian-Announces-Pricing-of-Secondary-Public-Offering-31180250/

Ceridian HCM Holding Inc. is a human capital management (HCM) software company. The Company operates in two segments, HCM and LifeWorks. Through the HCM segment the Company develops its flagship product Dayforce. Dayforce is a cloud HCM platform that provides human resources (HR), payroll, benefits, workforce management, and talent management functionalities. The platform optimizes the management of entire employee lifecycle in an organization. The Company also provides Powerpay, a cloud HR and payroll solution for the Canadian small business market through HCM. Through the HCM segment, the Company also offers Bureau HCM solutions through the service-bureau model. It includes three services lines, such as payroll, payroll-related tax filing, and outsourced HR solutions. The Company, through the LifeWorks segment, offers employee assistance, wellness, recognition, incentive programs, and employee engagement analytics. Number of employees : 5 011 people.

https://www.marketscreener.com/quote/stock/CERIDIAN-HCM-HOLDING-INC-43133651/company/

Thomas Lee Partners

Thomas H. Lee Partners, L.P. is an American private equity firm based in Boston, Massachusetts specializing in leveraged buyouts, growth capital, special situations, industry consolidations, and recapitalizations. Founded in 1974 by its namesake Thomas H. Lee, Thomas H. Lee Partners, often referenced as THL or THL Partners[3] has raised approximately $22 billion of equity capital, investing in more than 100 businesses with an aggregate purchase price of more than $150 billion, completing over 200 add-on acquisitions. In 2012, Private Equity International ranked THL Partners 22nd of the top 300 private equity firms based on funds raised. Thomas H. Lee Partners’ team includes 21 senior partners led by Anthony DiNovi and Scott M. Sperling, who became co-presidents of the firm in 1999. The firm's namesake, Thomas H. Lee, left the firm and formed Lee Equity Partners in 2006.

Thomas H. Lee Partners is also known for its leveraged buyout acquisition in 2004 of Refco, a financial services company specializing in commodities and futures contracts, which collapsed suddenly in October 2005, only months after its IPO. Refco's collapse cost investors more than $1 billion sparking multiple suits for negligence against the firm. Thomas H. Lee Partners in turn sued Refco's auditors and former executives claiming they hid the fraud which caused Refco's collapse. Thomas H. Lee Partners has since settled all claims by Refco’s brokerage customers, bankruptcy trustee and shareholders.

https://en.wikipedia.org/wiki/Thomas_H._Lee_Partners

from Nov. 14, 2005

Thomas H. Lee sues ex-Refco execs

Thomas H. Lee Partners sued former executives of Refco Inc. on Monday as the private-equity firm tries to recover millions of dollars in losses stemming from the derivatives broker's recent bankruptcy. The lawsuit, filed by the Thomas H. Lee Equity Fund V, L.P. in U.S. District Court for the Southern District of New York, seeks to recoup at least $245 million from ex-Refco Chief Executive Phillip Bennett, former Executive Vice President Santo Maggio and Tone Grant, who was head of Refco before Bennett. Refco Inc. RFXCQ, which was the largest independent futures broker in the U.S., filed for bankruptcy last month after a scandal emerged allegedly involving Bennett and at least $430 million in hidden debt. Bennett was indicted by a grand jury on Thursday. His lawyer says he plans to clear his name in court.

Thomas H. Lee acquired Refco in August 2004 and then sold shares in the company in an initial public offering a year later.

https://www.marketwatch.com/story/thomas-h-lee-sues-former-refco-executives

https://www.finviz.com/insidertrading.ashx?oc=1260943&tc=7&b=2