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Going Private • Electronics

H.I.G. Private Equity Acquires SMTC

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

Acquisition Context
  • 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.

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M&A Deal Summary
Date April 5, 2021
Target SMTC
Sector Electronics
Buyer(s) H.I.G. Private Equity
Deal Type Going Private
Advisor(s) Lincoln International (Financial)
Perkins Coie (Legal)

Target Company

SMTC

Markham, Ontario, Canada
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 Overview 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider 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 is based in Miami, Florida.

Deal Context for Buyer #
Overall 283 of 385
Sector: Electronics 2 of 2
Type: Going Private 9 of 11
State: Ontario 6 of 8
Country: Canada 13 of 17
Year: 2021 10 of 34
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 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 enterprises and innovators in the healthcare, technology, manufacturing, and financial services industries. Concord was founded in 2003 and is based in Hopkins, Minnesota.

Buy -

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