One spectacular bidding war has played out under the radar and came to a head on Wednesday morning after one party pulled the pin. That was IntelliHR.
In all, IntelliHR got nine bids, including the 11¢ per share opening salvo from Humanforce, 14¢ from TAG, 16.5¢ from Humanforce, 20¢ from TAG and 19.5¢ from Humanforce after it cornered a 19.99 stake after convincing private equity investors like Colinton Capital Partners to sell at 16.5¢.
Johnson Winter Slattery and MA Moelis advised Humanforce, while Oaktower Partnership was on TAG’s side. has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
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