Conduent’s Sale of its Non-Core Consulting and Actuarial Segment of Human Resource Services Business to H.I.G. Capital

On April 30, 2018, Conduent Incorporated (“Conduent”) announced that it has entered into a binding agreement to sell its U.S.-based human resource consulting and actuarial business. The deal also includes human resource consulting and outsourcing businesses located in Canada and the U.K. This business, formerly known as Buck Consultants, is being sold to H.I.G. Capital, a global private equity investment firm. Cravath is representing Conduent in connection with the transaction.

The Cravath team is led by partner Robert I. Townsend III and includes associates Matthew G. Jones and Ryan J. Patrone on M&A matters; partner Eric W. Hilfers and associates Matthew Cantor and Daniel P. Herrmann on executive compensation and benefits matters; associate Kiran Sheffrin on tax matters; partner Margaret Segall D'Amico, senior attorney Jesse M. Weiss and associate Kate F. Stamell on antitrust matters; partner Matthew Morreale on environmental matters; partner David J. Kappos and associate Nicholas Kypriotakis on intellectual property matters; partner Stephen M. Kessing on finance matters; and senior attorney Joyce Law and practice area attorney Brian M. Budnick on real estate matters. Shawn M. Quinn also worked on M&A matters.