HIG Capital to Acquire Alight’s Payroll and Professional Services Business for Up to $1.2bn

An affiliate of HIG Capital, a global alternative investment firm with $60bn of capital under management, is to acquire the payroll and professional services business of Alight, in a deal worth up to $1.2bn.

The business to be acquired encompasses technology-enabled payroll, human capital management and professional services. Alight provides end-to-end technology and services, including US and multi-country global payroll, HR administration & outsourced services, cloud technology advisory and deployment & application managed services.