After 15 years as a public company, NASDAQ-listed Kronos Incorporated, a leading provider of human capital management solutions with a customer base spanning more than 60 countries, decided after numerous take-private offers that it was ready to transition from being a public company to partnering with a financial sponsor. As a result of its leadership in Technology M&A, its presence in the private equity community and a decade-long relationship with Kronos, Jefferies was the obvious choice as advisor for what would turn out to be the largest take-private transaction in its sector in two years. Jefferies ran a focused process with select strategic acquirers and technologyfocused financial sponsors, managed an aggressive timetable, and within two months of initial meetings with potential buyers, the company signed a definitive agreement with two US-based private equity firms: lead investor Hellman & Friedman LLC and JMI Equity. Jefferies was able to maximize the sale price by articulating the company's value and maintaining a competitive dynamic throughout the process, securing a significant premium for its shareholders. The $1.8 billion sale proved beneficial for both shareholders and the company as a whole. Kronos gained two valuable financial partners, and the new ownership structure empowered management to focus on the long-term growth of their business. Jefferies leveraged its industry expertise, and demonstrated its ability to effectively manage and execute transactions regardless of complexity, size and scope. Since the acquisition, Kronos has made a significant acquisition of a Belgium-based company and opened several new offices in Asia.