H.I.G. Capital to Acquire Alight’s Payroll and Professional Services Business for Up to $1.2 Billion
March 21, 2024
H.I.G. Capital announced that an affiliate has signed a definitive agreement to acquire Alight, Inc.’s Payroll and Professional Services Business for up to $1.2 billion. The transaction is expected to close by mid-year and is structured as $1 billion in cash plus up to $200 million in seller notes, subject to customary closing conditions.
- Buyers
- H.I.G. Capital (affiliate of H.I.G. Capital)
- Targets
- Alight, Inc. — Payroll and Professional Services Business
- Sellers
- Alight, Inc.
- Industry
- IT Services
- Location
- Illinois, United States
- Transaction Type
- Buyout
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