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

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.