CloudPay, the leading independent provider of global payroll and payment solutions, has announced the closing of a US$120 million financing round led by Blue Owl Capital with the participation of existing shareholders Rho Capital Partners, The Olayan Group, and Hollyport Capital. The funding further strengthens CloudPay’s capital base and provides flexibility for future growth opportunities.
Latham & Watkins LLP represents Blue Owl Capital in the transaction with a transactional deal team led by partners John Miller and Haim Zaltzman, and counsel Benjamin Gelfand, with associates Pat Argenio, Tyler Davis, Jessica Allali, and Ian Drazen. Advice was also provided on UK matters by partner Tracy Liu, with associates Mark Walker and Danielle Stobie; on tax matters by partner Bora Bozkurt, with associate Michael Yu; and on IP/data privacy matters by partner Michelle Gross, with associate Andrew Abokhair.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
