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Announced

Completed

Triton completed the acquisition of HiQ International for $432m.

Financials

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Transaction Value£329m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.2x
EV/EBITDA14.95x
Share Price Premium25%
One Off Charge-

Tags

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Cross Border

Completed

Single Bidder

Acquisition

IT Services: Other

Sweden

Majority

Public

Friendly

it consultancy

Tender Offer

Private Equity

Synopsis

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Triton Partners, an investment firm, completed the acquisition of HiQ International, an IT consultancy firm, for $432m. "Triton has a tradition of investing in companies with high potential and is working closely with them to unlock such potential. With HiQ, we are now adding a top-class company to our portfolio, characterized by its expertise and strong culture. We look forward to actively supporting the management and employees of HiQ as a stable owner by investing in the growth and development of the company into a Northern European leader ," Peder Prahl, Triton Director of the General Partner.

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