THL-owned Ceridian HCM files to go public in NYC, Toronto

Ceridian HCM Holding Inc, a U.S. human resources software and service solutions provider, has filed with the U.S. Securities and Exchange Commission for an initial public offering of its common stock. The company, which intends to list on both the New York Stock Exchange and Toronto Stock Exchange, did not disclose the IPO’s pricing; however, the Globe and Mail reported Ceridian is seeking US$200 million. Minneapolis, Minnesota-based Ceridian is led by David Ossip, a Canadian entrepreneur. The company was acquired in 2007 for US$5.3 billion by Thomas H. Lee Partners and Fidelity National Financial.

Photo: David Ossip, chairman and CEO of Ceridian HCM Holding Inc.

PRESS RELEASE

Ceridian Announces Filing of Registration Statement on Form S-1

MINNEAPOLIS, March 26, 2018 (GLOBE NEWSWIRE) — Ceridian HCM Holding Inc. (“Ceridian”) today announced the filing of a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of shares of its common stock. The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined. In connection with the offering, Ceridian will apply to list its common stock on the New York Stock Exchange and on the Toronto Stock Exchange.

Goldman Sachs & Co. LLC, J.P. Morgan, Credit Suisse and Deutsche Bank Securities will act as joint lead book-running managers, and Goldman Sachs & Co. LLC and J.P. Morgan will act as representatives of the underwriters for the offering. Barclays, Citigroup, Jefferies, CIBC Capital Markets and Wells Fargo Securities are also acting as book-running managers for the offering. Baird, Canaccord Genuity, Piper Jaffray, William Blair and MUFG will act as co-managers for the offering.

The proposed offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus may be obtained from:

Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com;
J.P. Morgan Securities LLC, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, NY 11717, or via telephone: 1-866-803-9204;
Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, by telephone at (800) 221-1037, or by email at newyork.prospectus@credit-suisse.com; or
Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, NY 10005, Telephone: 800-503-4611, or email: prospectus.CPDG@db.com.

About Ceridian

Ceridian. Makes Work Life Better™.

Ceridian is a global human capital management software company. Dayforce, our flagship cloud HCM platform, provides human resources, payroll, benefits, workforce management, and talent management functionality. Our platform is used to optimize management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes.

For more information, contact:

Jeremy Johnson
Vice President, Finance and Investor Relations
Ceridian HCM Holding Inc.
(952) 853-3740
Jeremy.Johnson@ceridian.com

Photo courtesy of OMERS Ventures