H.I.G. to acquire Conduent's U.S. HR consulting and actuarial business

H.I.G. Capital is acquiring Conduent Inc's U.S.-based human resources consulting and actuarial business. Also included in the transaction are Conduent's human resource consulting and outsourcing businesses in Canada and the UK. No financial terms were disclosed. The deal is expected to close in the third quarter of this year. Citigroup Global Markets Inc. is serving as financial adviser to Conduent while Cravath Swaine & Moore LLP is serving as legal counsel.

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