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New Deal


Announced

H.I.G. Capital to invest in Cleo.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

software development

Majority

Single Bidder

Private

United States

Friendly

Pending

Software

Acquisition

Private Equity

Synopsis

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H.I.G. Capital, a global alternative investment firm with $44bn of equity capital under management, agreed to invest in Cleo, a software company that provides business-to-business, embedded integration, application-to-application, cloud integration and big data integration solutions. Financial terms were not disclosed. "We are extremely excited to welcome H.I.G. Capital as an investment partner in Cleo as we continue executing on our mission to redefine B2B integration in the cloud, solidifying Cleo’s position as the pioneer and global leader of the ecosystem integration software category," Mahesh Rajasekharan, Cleo President and CEO.

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