Bain to Sell £1.25 Billion UK Payroll Tech Firm Zellis to Apax
Bain Capital has agreed to sell UK payroll software company Zellis Group, whose clients include department store Harrods and carmaker Jaguar, to Apax Partners, according to a statement.The deal values Zellis at about £1.25 billion ($1.56 billion), according to people familiar with the matter. Apax is partly funding the deal with a unitranche loan of £450 million from private credit funds, the people said, asking not to be identified discussing confidential information....
Read more at bloomberg.com