Tenzing Private Equity Invests in activpayroll

H.I.G. Capital to Acquire Alight’s Payroll and Professional Services Business for Up to $1.2 Billion

March 21, 2024

IT Services

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.

Tenzing Acquires Webexpenses from K1 Investment Management

November 30, 2023

Cloud & SaaS

Tenzing has acquired Webexpenses, a UK-headquartered provider of expense management and accounts payable automation SaaS, from K1 Investment Management. The transaction represents a PE portfolio realization for K1 and a strategic acquisition for Tenzing to expand its presence in finance-focused SaaS solutions.

Sability Acquires LeadingEdge Payroll Group

May 1, 2022

Professional Services

Sability has acquired LeadingEdge Payroll Group (LEPG), a Canadian HCM, payroll and compliance specialist and long-time UKG certified consulting partner. The deal expands Sability’s presence and implementation/managed-services capabilities in Canada, with LEPG employees joining Sability and LEPG founder Ian Mise becoming General Manager of Sability Canada.

Aquiline Capital Partners Invests in PrimePay

April 5, 2021

Staffing & HR

Aquiline Capital Partners has made a growth investment in PrimePay, a national payroll, human capital management (HCM), and benefits services provider. As part of the transaction PrimePay founder and CEO Bill Pellicano will move to Executive Board Chair, John LaMancuso will join as CEO, and Michael Pires will be promoted to President & COO to support the company's expansion across the HCM market.

Platform Partners Makes Minority Investment in Alliance Payroll Services

February 25, 2020

Cloud & SaaS

Platform Partners LLC completed a minority (growth-capital) investment in Alliance Payroll Services, a cloud-based payroll and human capital management software provider. The deal will fund Alliance's product and growth initiatives while CEO Randy Norwood remains in control of the company.

TPG Capital Acquires Entertainment Partners

March 26, 2019

Media & Entertainment

TPG Capital has agreed to acquire Entertainment Partners, a Burbank-based provider of production payroll, workforce management and automated production software and services for the entertainment industry. The deal (terms undisclosed) will keep EP's management team in place and is intended to accelerate product innovation and growth using TPG's resources and expertise.