Quisitive Shareholders Urged to Vote for H.I.G. Capital Acquisition

Deal News | Feb 20, 2025 | Globenewswire

Quisitive Shareholders Urged to Vote for H.I.G. Capital Acquisition

Quisitive Technology Solutions, Inc., a global partner of Microsoft, has received endorsements from two independent proxy advisory firms, including Institutional Shareholder Services Inc., recommending shareholders vote in favor of Quisitive's acquisition by an affiliate of H.I.G. Capital. Highlighted in the ISS report is the offering price of C$0.57 per share, representing a 52% premium over the unaffected price, following an extensive sales process. Quisitive's board and its special committee unanimously back the proposal. Shareholders are urged to vote before the February 26 deadline, ahead of a virtual meeting scheduled for February 28. The company is set to benefit from this arrangement, subject to approvals and regulatory conditions, with detailed information available on Quisitive's platforms.

Sectors

  • Technology
  • Private Equity

Geography

  • Canada – Quisitive is headquartered in Toronto, and the acquisition is subject to Canadian Business Corporations Act regulations.

Industry

  • Technology – Quisitive operates within this sector as a Microsoft cloud solutions partner, focusing on AI.
  • Private Equity – H.I.G. Capital is a private equity firm involved in the acquisition of Quisitive.

Financials

  • C$0.57 per Share – Offer price, representing a 52% premium over the unaffected closing price.

Participants

NameRoleTypeDescription
Quisitive Technology Solutions, Inc.Target CompanyCompanyA Microsoft partner specializing in cloud and AI solutions.
H.I.G. Capital, LLCBidding CompanyCompanyA private equity firm managing funds that are acquiring Quisitive.
Institutional Shareholder Services Inc.Proxy Advisory FirmCompanyAdvises shareholders to vote in favor of the acquisition.
Laurel Hill Advisory GroupProxy Solicitation AgentCompanyAssists Quisitive shareholders with voting and communication.