Technology-focused buyout house Francisco Partners has agreed to carve out HR administration platform bswift from CVS Health.
CVS Health and its affiliate Aetna will remain customers of bswift.
The acquisition is expected to close in the fourth quarter of 2022, subject to the satisfaction of customary closing conditions.
Kirkland & Ellis LLP served as legal advisor and Wells Fargo Securities, LLC served as financial advisor to Francisco Partners.
Read more: Private Equity Wire
