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General Atlantic and Stone Point Capital complete acquisition of HireRight Holdings Corporation

Jun 29, 2024

Acquiring Company

General Atlantic

Acquired Company

HireRight

New YorkGreenwichNashville DavidsonFinanceFintechFinancial ServicesFinanceInformation TechnologySoftwareRisk Management

Description

HireRight Holdings Corporation, a leading provider of global background screening services and workforce solutions, has announced the completion of its sale to investment funds affiliated with General Atlantic, L.P. and Stone Point Capital LLC in an all-cash merger transaction representing a total enterprise value of approximately $1.7 billion.

Quick answer

General Atlantic and Stone Point Capital are acquiring HireRight, announced June 28, 2024. General Atlantic is based in New York, New York, United States.

How much did General Atlantic pay for HireRight?
The deal value was not disclosed.
What does General Atlantic do?
General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies.
Where are General Atlantic and HireRight based?
General Atlantic is based in New York, New York, United States. HireRight is based in Nashville Davidson, Tennessee, United States.
Who are the decision-makers at General Atlantic?
Fundz holds 1 contact at General Atlantic. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

General Atlantic

Location

New York, New York, United States

About

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. It has a significant history in technology investments and aims to help companies maintain and improve their market standing through the right investment and portfolio optimization. General Atlantic is owned by funds managed by General Atlantic and affiliates.

Company

Stone Point Capital

Location

Greenwich, Connecticut, United States

About

Stone Point is an investment firm based in Greenwich, CT, with more than $55 billion of assets under management. Stone Point targets investments in companies in the global financial services industry and related sectors. The firm invests in alternative asset classes, including private equity through its flagship Trident Funds and credit through commingled funds and separately managed accounts. In addition, Stone Point Capital Markets supports its firm, portfolio companies and other clients by providing dedicated financing solutions.

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Frequently asked

Who acquired HireRight?

HireRight was acquired by General Atlantic, based in New York. The deal was reported on June 29, 2024. General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. General Atlantic is privately held and operates in Finance.

When did General Atlantic acquire HireRight?

General Atlantic's acquisition of HireRight was reported on June 29, 2024. HireRight Holdings Corporation, a leading provider of global background screening services and workforce solutions, has announced the completion of its sale to investment funds affiliated with General Atlantic, L.P. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does HireRight do?

HireRight is a leading global provider of technology-driven workforce risk management and compliance solutions. It is privately held, operating in Information Technology, and is based in Nashville Davidson.

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