Montréal’s MDF Commerce is transitioning to a private entity, following a definitive acquisition agreement with New York investment firm Kohlberg Kravis Roberts (KKR). This all-cash deal, valuing MDF at approximately $255 million, offers shareholders $5.80 CAD per share, a 58% premium over its last Toronto Stock Exchange closing price.
MDF, a leader in e-commerce software-as-a-service solutions, has been a public entity since 2000. KKR’s acquisition aims to boost MDF’s expansion and market presence. The firm intends to maintain operations in Québec and implement an equity ownership program for employees. This transaction reflects a growing trend of private buyouts in Canadian tech, with the deal expected to conclude in the second quarter.
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