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mdf commerce enters into definitive agreement to be acquired by KKR for C$255M

Date Announced

March 11, 2024

Lead Office

Montréal

Value

255.00 Million CAD

On March 11, 2024, mdf commerce inc. (“mdf commerce” or the “Company”) announced it has entered into an arrangement agreement to be acquired by funds managed by KKR for a consideration of C$5.80 per issued and outstanding common share, representing C$255 million in total equity value. KKR is making its investment in mdf commerce through its Ascendant Strategy, which invests in middle market businesses in North America as part of KKR’s Americas Private Equity platform. 

mdf commerce Inc. enables the flow of commerce by providing a broad set of software as a service (SaaS) solutions that optimize and accelerate commercial interactions between buyers and sellers. 

McCarthy Tétrault is assisting mdf commerce with a team led by Hadrien Montagne and Vincent Laurin that includes Janie L.-Roy, Stéphanie C. Blouin, Clemens Mayr (Business), Véronique Wattiez-Larose, Conrad Lee,Eugen Miscoi, Francis Langlois, Jerry Lan (Technology), Christian Meighen, Geneviève Favreau (Tax), Dominic Thérien (Competition), Émilie Thibault, David Paradis (Labour & Employment), Cristelle Sary, Julia Miller (Pensions & Benefits) and François M. Giroux (Litigation).

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