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Announced

Completed

Morningside Group completed the acquisition of a minority stake in WiseConn Engineering.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Minority

Private Equity

United States

Private

automation systems

Electronic Components and Equipment

Acquisition

Completed

Cross Border

Friendly

Single Bidder

Synopsis

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Morningside Group, an investment firm, completed the acquisition of a minority stake in WiseConn Engineering, a provider of precision irrigation and fertigation automation systems. Financial terms were not disclosed. “I am pleased with the outcome of our equity raise and look forward to working with Morningside and deploying the new capital to drive more value for our clients and grow our Company. It has been a pleasure working with Sean and the Harrison Co. team. Harrison Co. allocated significant resources to WiseConn throughout the process, including substantial Partner-level attention and support, while structuring a highly favorable deal for our Company," Cristóbal Rivas, WiseConn CEO.

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