H.I.G. Capital Acquires NCI, Inc. for $283M
July 3, 2017
Private funds affiliated with H.I.G. Capital agreed to acquire NCI, Inc. in an all-cash transaction valued at approximately $283 million (tender offer of $20.00 per share). The transaction will take NCI private after a tender offer and second-step merger and is intended to accelerate NCI’s growth and expand its capabilities in AI, agile software development and federal IT delivery.
- Buyers
- H.I.G. Capital, LLC, Cloud Intermediate Holdings, LLC, Cloud Merger Sub, Inc.
- Targets
- NCI, Inc.
- Sellers
- Charles Narang (NCI chairman and stockholder), Public shareholders of NCI
- Industry
- IT Services
- Location
- Virginia, United States
- Transaction Type
- Buyout
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