Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 4 of Short Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 4

Description of the concentration

The proposed transaction concerns the acquisition of indirect sole control within the meaning of Article 3(1)(b) of the EU Merger Regulation of the payroll and professional services business division of Alight, Inc. (“Alight”, incorporated in the US) (the “Payroll and Professional Services Business” or the “Target Business”) by acquisition vehicles solely controlled by H.I.G. Middle Market LBO Fund IV, L.P. (“H.I.G. MM IV”), a private investment fund managed by H.I.G. Capital, L.L.C. (“H.I.G. Capital”) (the “Proposed Transaction”). The Proposed Transaction will be implemented by way of purchase of shares and assets.

H.I.G. Capital is a leading global private equity and alternative assets investment firm based in Miami, USA, with offices in the USA, Europe, Asia and South America. H.I.G. Capital specializes in providing both debt and equity capital to small and mid-sized companies.

The Payroll and Professional Services Business includes all entities and assets that comprise the Payroll and Professional Services Business division of Alight. The Target Business is active in (i) cloud technology deployment and application managed services, (ii) the full-lifecycle digital transformation and outsourcing of human capital management, (iii) employee payroll services, and (iv) professional services software and solutions, which it offers to enterprise customers globally, across 186 countries.

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