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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