HIG Capital completed the acquisition of the Payroll & Professional Services business of Alight for $1.2bn.

HIG Capital, a private equity firm, completed the acquisition of the Payroll & Professional Services business of Alight, a cloud-based human capital technology and services provider, for $1.2bn. “We are thrilled to partner with Luca and the entire Payroll & Professional Services team. As businesses grow increasingly global and face complex technology and compliance requirements, we believe that the Company is uniquely positioned to help clients address the many challenges which this creates. We see a tremendous opportunity for continued growth and look forward to working with the team to build upon their success and leadership position in the market," Matt Lozow, HIG Managing Director.