Quisitive Technology Solutions ($QUIS.V) is set to be acquired by H.I.G. Capital, a U.S. private equity firm, for $0.57 per share in an all-cash transaction. This offer represents a 52% premium over the company's last closing price, valuing the equity at approximately $169 million. The acquisition reflects a valuation of about 8.4 times the projected EBITDA for 2024. The deal is part of a broader trend of U.S. private equity firms targeting Canadian microcap companies for investment opportunities. In a related note, Carebook Technologies ($CRBK.V) is also being acquired at a 122% premium in an all-cash deal, indicating continued interest in the Canadian market by private equity investors.
The Miami private equity giant has added another company to its portfolio in its latest buyside deal. https://t.co/I4Hmlym3Cg
Another Canadian nanocap going private. 122% premium. $CRBK.V https://t.co/vhbCZI0Z34
Carebook Tech To Be Acquired At 122% Premium In All-Cash Deal #CRBK $CRBK.v #medtech #tech #healthcare #goprivate https://t.co/FN0Ru80uSQ