H.I.G. Capital to Acquire Alight's Payroll and Professional Services Business

March 21, 2024

H.I.G. Capital (via an affiliate) has signed a definitive agreement to acquire the Payroll and Professional Services Business of Alight, Inc. for up to $1.2 billion. The business is a global provider of technology-enabled payroll, human capital management and cloud advisory/managed services (serving ~1,500 enterprise clients with ~8,000 employees); H.I.G. plans to establish it as a standalone leader and invest to expand its capabilities and growth.

Buyers
H.I.G. Capital
Targets
Payroll and Professional Services Business (Alight)
Sellers
Alight, Inc.
Location
Illinois, United States
Transaction Type
Divestiture

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