M&A Deal Summary

H.I.G. Private Equity Acquires SMTC

On April 5, 2021, private equity firm H.I.G. Private Equity acquired electronics company SMTC

Acquisition Highlights
  • This is H.I.G. Private Equity’s 2nd transaction in the Electronics sector.
  • This is H.I.G. Private Equity’s 13th transaction in Canada.
  • This is H.I.G. Private Equity’s 6th transaction in Ontario.

M&A Deal Summary
Date 2021-04-05
Target SMTC
Sector Electronics
Buyer(s) H.I.G. Private Equity
Deal Type Going Private
Advisor(s) Lincoln International (Financial)
Perkins Coie LLP (Legal)

Target

SMTC

Markham, Ontario, Canada
website
SMTC is a provider of end-to-end electronics manufacturing services (EMS) including PCBA production, systems integration, and comprehensive testing services, enclosure fabrication, as well as product design, sustaining engineering, and supply chain management services. SMTC was founded in 1985 and is based in Markham, Canada.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 284 of 349
Sector (Electronics) 2 of 2
Type (Going Private) 9 of 10
State (Ontario) 6 of 6
Country (Canada) 13 of 14
Year (2021) 12 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-30 Hotel Ullensvang

Lofthus Hardanger, Norway

Hotel Ullensvang is a 170-key upscale waterside resort. An institution in the Norwegian hotel market, the resort is set in stunning landscaped surroundings with views of the fjord and Folgefonna glacier. Hotel Ullensvang is based in Lofthus Hardanger, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-06 Concord

Hopkins, Minnesota, United States

Concord is a technology consulting and digital transformation firm supporting operations in Eastern Europe. Concord serves leading enterprises and innovators in the healthcare, technology, manufacturing, and financial services industries. Concord was founded in 2003 and is based in Hopkins, Minnesota.

Buy -
Mergr

Product

Company

Legal