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HIG to acquire Alight’s payroll and professional services business

Private Equity Wire

An affiliate of HIG Capital, a global alternative investment firm with $60bn of capital under management, is to acquire the payroll and professional services business of Alight, in a deal worth up to $1.2bn. The business to be acquired encompasses technology-enabled payroll, human capital management and professional services.

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What Kinds of Insurance Does Your Small Business Really Need?

The Motley Fool

CGL insurance also typically covers legal defense costs if your business is sued. Professional liability insurance Also called errors and omissions (E&O) insurance, professional liability coverage protects service-based businesses from claims of negligence, errors, or omissions that occur in the course of providing professional services.

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Building a Home Gym? Make Sure Your Homeowners Insurance Covers This

The Motley Fool

Don't forget liability if working out with friends We all like to think we'd ever end up in legal trouble with a former friend. It can also help cover legal fees if you wind up sued over the incident. Personal injury liability coverage can help pay for the medical bills should someone wind up injured on your property.

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Bain Capital acquires $250m minority stake in professional services firm Sikich

Private Equity Wire

Sikich, a global professional services company, has secured a minority growth investment of $250m from Bain Capital, with the funding set to be deployed to finance the firm’s expansion plans, the companies said on Thursday. Kirkland & Ellis and Hunton Andrews Kurth acted as legal advisors for Bain Capital.

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The Economics of a Small VC Fund

This is going to be BIG.

By second highest expense is the administration of my fund to various types of professional services. Legal is lumpy. The creation of the fund was charged to the assets of the fund itself, and outside of that, I really don''t have a lot of legal work that needs to be done. Tax prep is another 12k.

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Cinven to make acquire majority stake in Grant Thornton UK

Private Equity Wire

Private equity firm Cinven is to make a majority investment in Grant Thornton UK, one of the leading diversified professional services firms offering audit, tax, and advisory services in the UK, with the firm’s UK Partners retaining a significant holding in the business.

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Unexpected Risks That Your Small Business Insurance Should Cover

The Motley Fool

If any of your staff works on site providing professional services, they might end up in situations where client's property is dropped, mishandled, damaged, or broken. Property damage Do you own a small business that operates in other people's homes or on-site at other businesses or facilities?