A Travers Smith team led by private equity partner, Helen Croke, has advised the founders of CoreHR, a leading provider of cloud-based human capital management (“HCM”) and payroll software, on a strategic growth investment from JMI Equity, a growth equity firm focused on investing in leading software and services companies, and JMI Services LLC, which is the family investment company of John J. Moores.
The Travers Smith team also included tax partner Kathleen Russ and private equity associates Lauren Causon and Tom Hartwright.
CoreHR’s founders will retain significant ownership and along with the current management team will remain actively involved in the business.
The technology corporate finance team at PwC in London acted as exclusive financial advisor to CoreHR and its shareholders on the transaction. Goodwin Procter acted as legal counsel to JMI Equity and JMI Services LLC.