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Latham Advises on H.I.G. Capital’s Acquisition of Alight’s Payroll and Professional Services Business

March 21, 2024
Firm represents the financing sources to support the acquisition of the global provider of technology-enabled payroll, human capital management, and professional services for up to US$1.2 billion.

H.I.G. Capital (H.I.G.), a leading global alternative investment firm with US$60 billion of capital under management, has announced that one of its affiliates has signed a definitive agreement to acquire the Payroll and Professional Services Business of Alight, Inc. (NYSE: ALIT) for up to US$1.2 billion.

Latham & Watkins LLP represented the financing sources in the transaction with a team led by partners Stelios Saffos and Peter Sluka and counsel Bryce Kaufman, with partner Pamela Kellet and associate Tony Zhou. Advice was also provided on tax matters by partner Jocelyn Noll.