July 12, 2010

Automatic Data Processing, Inc. To Acquire The Cobalt Group

As reported by The Wall Street Journal and The Deal, among other publications, on Friday, July 9, Paul, Weiss client Automatic Data Processing, Inc. (ADP) announced that it entered into a definitive agreement to acquire The Cobalt Group for approximately $400 million in cash. ADP, with nearly $9 billion in revenues and about 570,000 clients, is one of the world's largest providers of business outsourcing solutions, and Cobalt is the leading provider of digital marketing solutions to automotive manufacturers and dealers in North America. The deal is expected to close in four to six weeks. The Paul, Weiss team representing ADP includes corporate partners Paul Ginsberg and Chuck Googe, counsel Didier Malaquin, associates Neil Goldman, Marta Kelly, Adam Shevell and Judith Tomkins, and former associate Lucy Popkin; employee benefits partner Larry Witdorchic, and associates Paul Koppel and Michelle Zimmerman; environmental counsel William O'Brien; litigation partner Aidan Synnott; real estate partner Peter Fisch and associate James Fanelly; and tax partner Jeff Samuels, counsel Alyssa Wolpin and associate Ehab Farah.