Prior notification of a concentration (Case M.11543 – HIG CAPITAL / ALIGHT (PAYROLL AND PROFESSIONAL SERVICES BUSINESS)) – Candidate case for simplified procedure
Date: 2024-05-13
Institutions: Directorate-General for Competition, European Commission
Subjects: cloud computing, digital transformation, economic concentration, investment company, merger control, outsourcing, provision of services, service, software








C_202403201EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/3201


13.5.2024






Prior notification of a concentration
(Case M.11543 – HIG CAPITAL / ALIGHT (PAYROLL AND PROFESSIONAL SERVICES BUSINESS))
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/3201)


1.   
On 30 April 2024, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


H.I.G. Capital, L.L.C. (‘H.I.G Capital’, U.S),










—


The payroll and professional services business division of Alight, Inc (‘the Target’, U.S).




H.I.G Capital will acquire within the meaning of Article 3(1)(b) of the Merger Regulation control of parts of Alight, Inc.
The concentration is accomplished by way of purchase of shares and assets.


2.   
The business activities of the undertakings concerned are the following:






—


H.I.G. Capital is a global private equity and alternative assets investment firm, specializes in providing both debt and equity capital to small and mid-sized companies,










—


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






3.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.11543 – HIG CAPITAL / ALIGHT (PAYROLL AND PROFESSIONAL SERVICES BUSINESS)
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2024/3201/oj
ISSN 1977-091X (electronic edition)