H.I.G. Capital to Buy Converge for C$5.50/Share: M&A Snapshot

(Updates with details throughout)

H.I.G. Capital to buy Converge Technology Solutions in an all-cash transaction valuing it at an enterprise value of about C$1.3 billion, according to a statement.

• Transaction is expected to be completed during the 2Q of 2025
• Upon completion of the deal, Converge intends to apply to delist shares from all public markets
• Deal at 56% premium to Converge’s Feb. 6 closing price, according to the statement
• Converge board, with an interested director abstaining, unanimously determined that the transaction is “fair and in the best interests” of the company
  • Shareholders representing 24% of outstanding shares have entered ...