M&A Deal Summary

New Mountain Capital, The Blackstone Group and ADIA Acquire Alight Solutions

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

Acquisition Highlights
  • This is New Mountain Capital’s 7th, The Blackstone Group’s 12th and ADIA’s 2nd transaction in the Information Technology sector.
  • This is New Mountain Capital’s , The Blackstone Group’s 27th and ADIA’s 4th largest (disclosed) transaction.
  • This is New Mountain Capital’s 38th, The Blackstone Group’s 137th and ADIA’s 1st transaction in the United States.
  • This is New Mountain Capital’s 3rd, The Blackstone Group’s 4th and ADIA’s 1st transaction in Illinois.
Investment Fate
  • Alight Solutions was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2017-02-10
Target Alight Solutions
Sector Information Technology
Buyer(s) New Mountain Capital
The Blackstone Group
ADIA
Sellers(s) Aon Hewitt
Deal Type Divestiture
Deal Value 4.8B USD

Target

Alight Solutions

Lincolnshire, Illinois, United States
Alight Solutions is a provider of outsourced benefits administration and human capital technology. The Company helps drive better health and financial outcomes for employers, employees and plan participants by leveraging proprietary technology, deep domain expertise and global delivery capabilities. Alight Solutions is based in Lincolnshire, Illinois.

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Buyer(S) 3

Buyer

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
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 42 of 95
Sector (Information Technology) 7 of 18
Type (Divestiture) 1 of 6
State (Illinois) 3 of 8
Country (United States) 38 of 90
Year (2017) 1 of 10
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-02 Camber

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

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

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. 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 216 of 335
Sector (Information Technology) 12 of 23
Type (Divestiture) 22 of 33
State (Illinois) 4 of 11
Country (United States) 137 of 210
Year (2017) 3 of 21
Size (of disclosed) 27 of 171
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-04 SESAC

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

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

ADIA

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

DEAL STATS #
Overall 3 of 12
Sector (Information Technology) 2 of 3
Type (Divestiture) 1 of 2
State (Illinois) 1 of 2
Country (United States) 1 of 5
Year (2017) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-08 Dedalus

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
2018-07-20 Upl

Mumbai, India

Upl is a global generic crop protection, chemicals and seeds company. UPL was founded in 1969 and is based in Mumbai, India.

Buy -

Seller(S) 1

SELLER

Aon Hewitt

Chicago, Illinois, United States
Category Company
Sector Business 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.

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 -
Mergr

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