CINCINNATI, Sept. 6, 2022 (GLOBE NEWSWIRE) — Paycor HCM, Inc. PYCR (“Paycor”) today announced the commencement of an underwritten public offering of 5,000,000 common shares on behalf of investment funds advised by Apax Partners LLP. The offering consists of 3,531,941 shares offered by Pride Feeder, LP and 1,468,059 shares offered by AIX Pride Syndication, LP. Each of the selling shareholders is controlled by investment funds advised by Apax Partners LLP. Paycor will not receive any proceeds from the sale of the shares offered by the selling shareholders, but will bear the costs associated with the sale of those shares, excluding subscription discounts and commissions.
Goldman Sachs & Co. LLC is acting as underwriter for the Proposed Offering.
Pride Aggregator, LP will distribute 6,899,047 common shares of Paycor to its limited partners, including selling shareholders, prior to the closing of the proposed offering. Of the 6,899,047 shares outstanding, (i) 5,000,000 shares will be offered for sale in the proposed offering, (ii) 1,573,520 shares not offered for sale in the proposed offering will be subject to a 45-day blocking period . and (iii) 325,527 shares not offered for sale in the proposed offering will be distributed among approximately 80 limited partners who are not subject to lock-ups.
A registration statement on Form S-3 relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and has become effective. The proposed offering will be made only by means of a prospectus and a free-form prospectus. A copy of the prospectus and clerical prospectus relating to this offering, if available, can be obtained from the SEC’s website at www.sec.gov. Alternatively, the prospectus and free draft prospectus are available from: Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282,…
