M&A Deal Summary

The Blackstone Group, New Mountain Capital and Abu Dhabi Investment Authority Acquires Alight Solutions

On February 10, 2017, private equity firm The Blackstone Group, private equity firm New Mountain Capital and sovereign wealth fund Abu Dhabi Investment Authority acquired information technology company Alight Solutions from Aon Hewitt LLC for 4.8B USD

Acquisition Highlights
  • This is The Blackstone Group’s 13th, New Mountain Capital’s 7th and Abu Dhabi Investment Authority’s 2nd transaction in the Information Technology sector.
  • This is The Blackstone Group’s 22nd, New Mountain Capital’s 1st and Abu Dhabi Investment Authority’s 2nd largest (disclosed) transaction.
  • This is The Blackstone Group’s 135th, New Mountain Capital’s 37th and Abu Dhabi Investment Authority’s 1st transaction in the United States.
  • This is The Blackstone Group’s 5th, New Mountain Capital’s 3rd and Abu Dhabi Investment Authority’s 1st transaction in Illinois.

M&A Deal Summary

Date 2017-02-10
Target Alight Solutions
Sector Information Technology
Buyer(s) The Blackstone Group
New Mountain Capital
Abu Dhabi Investment Authority
Sellers(s) Aon Hewitt LLC
Deal Type Divestiture
Deal Value 4.8B USD

Target

Alight Solutions

Lincolnshire, Illinois, United States
website
Alight Solutions is a provider of benefits administration and cloud-based HR and financial solutions, company enhance work and life through service, technology and data. Company dedicated colleagues across 14 global centers deliver an unrivaled consumer experience for clients and their people.

Search 167,819 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 3

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 95.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group LP is a global alternative investment management firm comprised of three business segments. These groups include corporate private equity, real estate, and alternative asset management. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 214 of 302
Sector (Information Technology) 13 of 20
Type (Divestiture) 22 of 31
State (Illinois) 5 of 12
Country (United States) 135 of 190
Year (2017) 3 of 21
Size (of disclosed) 22 of 161
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 SESAC Performing Rights LLC

Nashville, Tennessee, United States

SESAC is a Music Rights Organization that administers public performance, mechanical, synchronization and other rights. SESAC offers singular licenses for the works of its affiliated writers and publishers that aggregate both performance and mechanical rights in order to drive greater efficiency in licensing for music users, as well as enhanced value for music creators and publishers. SESAC was founded in 1930 and is based in Nashville, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-16 Cloudreach Ltd.

London, United Kingdom

Cloudreach is a cloud computing consultancy, focused on the implementation and operational support of public cloud services, including Amazon Web Services, Microsoft Azure, and Google Cloud Platform. Cloudreach was founded in 2009 and is based in London, England.

Buy -
Buyer

New Mountain Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 2000
PE ASSETS 20.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.


DEAL STATS #
Overall 41 of 76
Sector (Information Technology) 7 of 13
Type (Divestiture) 1 of 4
State (Illinois) 3 of 6
Country (United States) 37 of 72
Year (2017) 1 of 10
Size (of disclosed) 1 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Camber Corp.

Huntsville, Alabama, United States

Camber Corp. is a provider of professional and management services for federal government agencies, specializing in information technology, decision support systems, training, engineering, and modeling and simulation, primarily within the Department of Defense.

Sell $380M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 TRC Companies, Inc.

Windsor, Connecticut, United States

TRC is a global firm providing environmentally focused and digitally powered solutions that address the local needs of clients in consulting, construction, engineering, and management services, combining science with the latest technology to devise solutions that stand the test of time. TRC’s nearly 6,000 professionals serve a broad range of public and private clients, steering complex projects from conception to completion to help solve the toughest challenges. TRC was formed in 1969 and is based in Windsor, Connecticut.

Buy -
Buyer

Abu Dhabi Investment Authority

website


Category Sovereign Wealth Fund
Founded 1976
PE ASSETS 875.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION


DEAL STATS #
Overall 3 of 6
Sector (Information Technology) 2 of 3
Type (Divestiture) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 Dedalus Italia S.p.A.

Florence, Italy

Dedalus is a health software provider that develops and distributes software systems for general practitioners and primary care pediatricians in the health care industry. Dedalus was formed in 1990 and is based in Florence, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 Galderma SA

Zug, Switzerland

Galderma is a global skincare company offering a range of medical and consumer skin health solutions through three business units; aesthetics and prescription and consumer health. Galderma was founded in 1981 and is based in Zug, Switzerland.

Buy Fr.10.2B

Seller(S) 1

SELLER

Aon Hewitt LLC

Chicago, Illinois, United States

Category Company
SectorBusiness Services
DESCRIPTION

Aon Hewitt LLC is a provider in human resource solutions. Aon Hewitt designs, implements, communicates and administers a wide range of human capital, retirement, investment management, health care, compensation and talent management strategies.


DEAL STATS #
Overall 4 of 4
Sector (Information Technology) 2 of 2
Type (Divestiture) 4 of 4
State (Illinois) 1 of 1
Country (United States) 4 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-14 CoCubes Technologies Pvt. Ltd.

Gurgaon, India

CoCubes Technologies Pvt. Ltd. is a recruitment platform that offers skill assessments and employment services to the job seekers. CoCubes Technologies Pvt. Ltd. was established in 2007 and is headquartered in Gurgaon, India.

Buy -