HGGC Acquires Monotype Imaging for $825M

July 26, 2019

HGGC, a Palo Alto-based private equity firm, agreed to acquire all outstanding shares of Monotype Imaging for $19.85 per share in cash, representing an aggregate equity value of approximately $825 million. The deal was approved by Monotype's board, completed in October 2019, and will take Monotype private so it can invest in its font technology, digital imaging capabilities and growth initiatives.

Buyers
HGGC
Targets
Monotype Imaging Holdings Inc.
Sellers
Monotype shareholders
Industry
Software
Location
Massachusetts, United States
Transaction Type
Buyout

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