M&A Deal Summary

HGGC Acquires Monotype

On July 26, 2019, private equity firm HGGC acquired software company Monotype for 825M USD

Acquisition Highlights
  • This is HGGC’s 7th transaction in the Software sector.
  • This is HGGC’s largest (disclosed) transaction.
  • This is HGGC’s 31st transaction in the United States.
  • This is HGGC’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2019-07-26
Target Monotype
Sector Software
Buyer(s) HGGC
Deal Type Going Private
Deal Value 825M USD
Advisor(s) J.P. Morgan Securities (Financial)
Goodwin Procter (Legal)

Target

Monotype

Woburn, Massachusetts, United States
website
Monotype is a provider of typefaces, technology, and expertise that enable the best user experience and ensure brand integrity. Monotype provides customers worldwide with typeface solutions for a broad range of creative applications and consumer devices. Monotype is based in Woburn, Massachusetts.

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Buyer(S) 1

Buyer

HGGC

Palo Alto, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2007
PE ASSETS 6.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HGGC (formerly Huntsman Gay Global Capital) focuses on middle-market leveraged buyouts, growth equity financings, recapitalizations, take privates, and corporate divestitures. The Firm primarily targets North American companies, but will consider international opportunities as well. HGGC looks for companies with at least $100 million in revenue. HGGC primarily targets enterprise software companies, however, the Firm will also consider opportunities in business services, consumer services, financial services, healthcare, industrial services, and information services. HGGC was formed in 2007 and is based in Palo Alto, California.

DEAL STATS #
Overall 35 of 46
Sector (Software) 7 of 8
Type (Going Private) 3 of 3
State (Massachusetts) 1 of 1
Country (United States) 31 of 40
Year (2019) 3 of 3
Size (of disclosed) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 AMI

Norcross, Georgia, United States

AMI is a provider of out-of-band server management firmware, and UEFI and BIOS firmware, with its products deployed in a high proportion of all servers, data centers, embedded devices, and personal computers worldwide. AMI was founded in 1985 and is based in Norcross, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 Integrity Marketing Group

Dallas, Texas, United States

Integrity Marketing Group is a distributor of life and health insurance products focused on serving the senior market. Integrity Marketing Group was founded in 2006 and headquartered in Dallas, Texas.

Sell -
Mergr

Product

Company

Legal