Kirkland & Ellis advised HGGC, a leading middle market private equity firm, on its agreement to acquire all outstanding shares of Monotype Imaging Holdings Inc. (Nasdaq: TYPE) common stock for $19.85 per share in cash, representing an aggregate equity value of approximately $825 million. Monotype specializes in digital typesetting and typeface design as well as text and imaging solutions for use with consumer electronics devices. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2019.
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The Kirkland team was led by transactional partners Travis Nelson, Joshua Zachariah, Joseph Halloum and Rodin Hai-Jew; and debt finance partners Sonali Jindal and Kristen Derhaag.