{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-033968","form_type":"8-K","ticker":"ALIT","cik":"0001809104","company_name":"Alight, Inc. / Delaware","filed_at":"2024-03-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.616838+00:00","generated_at":"2026-06-04T11:54:00.163166+00:00","sec_items":["1.01","7.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Alight sells Payroll & Professional Services to H.I.G. Capital for up to $1.2B; raises margin guidance","bullets":["Sale price: $1.0B cash + $50M note at closing + up to $150M contingent note on 2025 performance.","Expected closing by mid-2024, subject to regulatory approvals; no stockholder vote required.","Post-close recurring revenue to rise from 84% to >90%; mid-term adjusted EBITDA margin target raised to 28%.","Net after-tax cash proceeds to reduce debt, target net leverage below 3x; board adds $200M to stock buyback authorization ($248M total).","Transaction valued at ~10x 2023 adjusted EBITDA and ~24x unlevered free cash flow."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-033968","json":"https://secwatch.observer/filing/0000950170-24-033968.json","markdown":"https://secwatch.observer/filing/0000950170-24-033968.md","text":"https://secwatch.observer/filing/0000950170-24-033968.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1809104/000095017024033968/0000950170-24-033968-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1809104/000095017024033968/alit-20240320.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T11:54:00.163166+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f071cabf7289497696f367b94aa13d9bc1aeef9e","claim":"Alight, Inc. / Delaware entered into Stock and Asset Purchase Agreement with Axiom Buyer, LLC, a newly-formed entity and an affiliate of H.I.G. Capital, L.L.C. valued at up to approximately $1.2 billion (effective 2024-03-20).","evidence_excerpt":"On March 20, 2024, Alight, Inc. (together with its subsidiaries, the “Company” or “Alight”) and Tempo Acquisition LLC, a subsidiary of the Company (“Seller”), entered into a Stock and Asset Purchase Agreement (the “Purchase Agreement”), pursuant to which Seller has agreed to sell Alight’s Professional Services segment and Alight’s Payroll & HCM Outsourcing businesses within the Employer Solutions segment (collectively, the “Divested Business” or “Payroll and Professional Services”) to Axiom Buyer, LLC, a newly-formed entity and an affiliate of H.I.G. Capital, L.L.C. (“Purchaser”), for a purchase price of up to approximately $1.2 billion (the “Purchase Price”), plus the assumption by Purchaser of certain liabilities of the Divested Business as specified in the Purchase Agreement (collectively, the “Transaction”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1809104/000095017024033968/0000950170-24-033968-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"Axiom Buyer, LLC, a newly-formed entity and an affiliate of H.I.G. Capital, L.L.C."},{"label":"Value","value":"up to approximately $1.2 billion"},{"label":"Effective","value":"2024-03-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}