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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