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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