Quisitive Acquired by H.I.G. Capital for C$0.57 Per Share
Deal News | Mar 11, 2025 | Globenewswire
H.I.G. Capital has successfully completed the acquisition of Quisitive Technology Solutions, Inc., a leading provider of Microsoft Cloud and AI solutions. The transaction, governed by the Business Corporations Act (British Columbia), involved H.I.G. Capital's acquisition of all issued and outstanding common shares of Quisitive for C$0.57 per share in cash. This excludes shares held by certain employees who participated in rollover agreements. The transaction received final court approval from the Supreme Court of British Columbia. Following the transaction, Quisitive shares are set to be delisted from the TSX Venture Exchange. H.I.G. Capital intends to file for Quisitive to cease being a reporting issuer in Canada, marking a significant strategic move for both entities. More details of the transaction could be found in the company’s management information circular filed under SEDAR+.
Sectors
- Technology
- Private Equity
Geography
- Canada – Quisitive is based in Toronto, Canada and the transaction was governed under Canadian law.
- United States – H.I.G. Capital, the acquiring company, is based in the United States.
Industry
- Technology – Quisitive operates as a tech company specializing in Microsoft Cloud and AI solutions, characterizing it within the Technology sector.
- Private Equity – H.I.G. Capital, a private equity firm, is central to the acquisition of Quisitive, making Private Equity a relevant sector.
Financials
- C$0.57 – Per share acquisition price paid by H.I.G. Capital for Quisitive.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Quisitive Technology Solutions, Inc. | Target Company | Company | A premier Microsoft Cloud and AI solutions provider. |
| H.I.G. Capital | Bidding Company | Company | Private equity firm that acquired Quisitive. |
| Supreme Court of British Columbia | Government | Government | Provided final order approving the transaction |