Alight, Inc. completed the acquisition of Retiree Health Exchange Business of Aon Hewitt Navigators Insurance Services Inc. for approximately $200 million.
October 30, 2021
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Alight, Inc. (NYSE:ALIT) signed definitive agreement to acquire Retiree Health Exchange Business of Aon Hewitt Navigators Insurance Services Inc. on June 3, 2021. In a related transaction, Aquiline Capital Partners LLC signed definitive agreement to acquire U.S. Retirement Business of Aon plc (NYSE:AON) on June 3, 2021. Total gross consideration for both the divestitures is $1.4 billion. Alight will use the proceed from the $450 million add-on to its existing Term Loan B due 2026 to finance this transaction. The transaction is subject to regulatory approvals and other customary closing conditions. On July 29, 2021, Aon and Alight executed an amendment and restatement of the Alight Agreement to remove the closing of the Combination as a condition to closing the transaction. The transaction is expected to be completed during the fourth quarter of 2021. Charles Ruck, Bradley Faris, Jason Morelli, Nicholas DeNovio, Marc Williamson, Ian Conner, Jennifer Pepin, Jeffrey Tochner and Carrie Girgenti of Latham & Watkins LLP acted as legal advisor for Aon. Robert W. Baird acted as financial advisor to Aon.
Alight, Inc. (NYSE:ALIT) completed the acquisition of Retiree Health Exchange Business of Aon Hewitt Navigators Insurance Services Inc. for approximately $200 million on October 1, 2021.
Alight, Inc. is a cloud-based provider of integrated digital human capital and business solutions. The Companyâs segments include Employer Solutions and Professional Services. The Employer Solutions segment is driven by its Alight Worklife platform, and includes total employee wellbeing, integrated benefits administration, healthcare navigation, financial wellbeing, leave of absence management, retiree healthcare and payroll. It leverages data across all interactions and activities to improve the employee experience, reduce operational costs and better inform management processes and decision-making. The Professional Services segment includes its project-based cloud deployment and consulting offerings that provide expertise with both human capital and financial platforms. Specifically, this includes cloud advisory and deployment, and optimization services for cloud platforms, such as Workday, SAP SuccessFactors, Oracle, and Cornerstone OnDemand.
Alight, Inc. completed the acquisition of Retiree Health Exchange Business of Aon Hewitt Navigators Insurance Services Inc. for approximately $200 million.
ALIGHT, INC. 
