Willkie represented PayScale, Inc., the leader in cloud compensation data and software-as-a-service (SaaS), in its $325 million sale to Francisco Partners by Warburg Pincus.
On April 25, Willkie client PayScale, Inc., the leader in cloud compensation data and software-as-a-service (SaaS) for businesses and individuals, announced a majority investment of $325 million from Francisco Partners, a global technology-focused private equity fund. Warburg Pincus will be exiting its investment in PayScale in this transaction. Willkie also previously advised Warburg Pincus LLC its initial investment in PayScale in 2014.
Based in Seattle, PayScale offers modern compensation software and the most precise, real-time, data-driven insights for employees and employers alike. More than 8,000 customers use PayScale to power pay decisions for more than 23 million employees. Francisco Partners is an investment firm that specializes in technology and technology-enabled services businesses. With more than $58 billion in private equity assets under management, Warburg Pincus is a leading global private equity firm focused on growth investing.
The Willkie deal team was led by partners Morgan Elwyn and Manuel Miranda, and included associates Jonathan Kubek, Rand Potter and Gregory Bekiaris.