HireRight to be acquired by General Atlantic and Stone Point Capital in $1.65 billion deal

HireRight Holdings Corp.
HRT,
+0.31%
has entered into an agreement to be acquired by investment funds affiliated with General Atlantic and Stone Point Capital, the company announced Friday. The two private equity firms, who currently own approximately 75% of HireRight’s common stock, will acquire all of the outstanding shares they do not already own for $14.35 per share, in a deal valued at approximately $1.65 billion. Last year General Atlantic and Stone Point bid $12.75 a share in cash for HireRight. Shares of the Nashville-based employment screening company rose 10.3% in premarket trades. HireRight’s stock has risen 13.5% in the last 52 weeks, compared with the S&P 500 index’s
SPX,
+0.58%
gain of 23%.