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Cravath Represents Conduent in Sale of U.S.-Based HR Consulting Business

Conduent Incorporated (“Conduent”) announced today 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.

More information is available in the press release at the following link:
https://www.prnewswire.com/news-releases/conduent-announces-agreement-to-sell-non-core-consulting-and-actuarial-segment-of-human-resource-services-business-300638886.html

The Cravath team is led by partners Keith Hallam and Robert I. Townsend III on M&A matters.