Sale of CAPS Payroll
Our attorneys represented Uni-World Capital and its portfolio company CAPS Payroll, a leading payroll provider in multiple entertainment markets, in the sale of CAPS Payroll to Cast & Crew Entertainment Services, the premier provider of technology-enabled payroll and production management services to the entertainment industry. The combination creates a market leader with complementary services, diversified client base and strong commitment to digital solutions.
Silver Lake, the global technology investing leader and controlling shareholder of Cast & Crew, is committing substantial additional equity to fund the acquisition and support Cast & Crew’s continued growth.
“Cast & Crew and CAPS are an ideal fit, with complementary client bases, compatible technology portfolios and consistent corporate cultures,” said Eric Belcher, President and Chief Executive Officer of Cast & Crew. “This combination will offer clients the industry’s best suite of technology enabled solutions and expand support, training and career opportunities for employees of both companies.”
Doug Sylvester, Chief Executive Officer of CAPS, noted that Cast & Crew and CAPS management are aligned with respect to the combined company strategy. “We are delighted to join an organization with exceptional relationships and expertise in the entertainment industry, a deep commitment to customer service and a clear vision of where the market is going,” he said. “Cast & Crew has a wonderful reputation with clients and employees alike, and we look forward to becoming part of the team.”