HireRight Announces Completion of Acquisition by General Atlantic and Stone Point Capital
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 28 2024
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Source: Newsfilter
- HireRight Acquisition: HireRight Holdings Corporation has been acquired by investment funds affiliated with General Atlantic, L.P. and Stone Point Capital LLC in an all-cash merger transaction worth approximately $1.7 billion.
- Transaction Details: The acquisition involved the conversion of outstanding shares of HireRight's common stock into $14.35 per share in cash, leading to the delisting of HireRight's common stock from the New York Stock Exchange.
- Advisors Involved: Centerview Partners LLC and Davis Polk & Wardwell LLP advised HireRight, while Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and Simpson Thacher & Bartlett LLP were advisors to the acquiring parties.
- About HireRight: HireRight is a global provider of technology-driven workforce risk management and compliance solutions, offering services like background screening, verification, monitoring, and health screening for thousands of customers worldwide.
- About General Atlantic and Stone Point: General Atlantic is a growth investor with extensive experience supporting over 520 companies, while Stone Point is an alternative investment firm focusing on the financial services industry with more than $55 billion in assets under management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
