JP. Morgan served as exclusive financial advisor to Monotype, and Goodwin Procter LLP served as legal counsel. Deutsche Bank Securities Inc. served as exclusive financial advisor to HGGC and was also the left lead arranger on the debt financing for the transaction. Kirkland & Ellis LLP served as legal counsel to HGGC.
Monotype empowers creative minds to build and express authentic brands through design, technology and expertise. Further information is available at
www.monotype.com. Follow Monotype on Twitter, Instagram and LinkedIn.
Monotype is a trademark of Monotype Imaging Inc. registered in the U.S. Patent and Trademark Office and may be registered in certain other jurisdictions. All other trademarks are the property of their respective owners. 2019 Monotype Imaging Holdings Inc. All rights reserved.
HGGC is a leading middle-market private equity firm with $4.3 billion in cumulative capital commitments. Based in Palo Alto, Calif., HGGC is distinguished by its Advantaged Investing approach that enables the firm to source and acquire scalable businesses through partnerships with management teams, founders and sponsors who reinvest alongside HGGC, creating a strong alignment of interests. Over its history, HGGC has completed more than 130 platform investments, add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $20 billion. More information, including a complete list of current and former portfolio companies is available at
www.hggc.com.
Audax Private Debt announced that, as Sole Arranger and Equity Co-Investor, it led a second lien term loan facility to support HGGC, a leading middle market private equity firm, in its acquisition of Monotype Imaging Holdings Inc., an iconic font design and imaging technology company.
Yes and no. Fonts are one of the most highly intellectual property items there are and it is extremely hard to tell if something is unique. So Monotype imaging is basically the clearing house for them it would be impractical for Samsung to do this. I believe Monotype Imaging has a partnering service.
Monotype Imaging (NASDAQ: TYPE) is a digital type foundry and design company. The company was founded in 1887 and has been responsible for many developments in printing technology, particularly the Monotype machine, the first fully mechanical typesetter, and has developed many widely used typeface designs, including Times New Roman, Gill Sans, and Arial.
Monotype has been acquisitive and since 2000 has purchased Linotype GmbH, International Typeface Corporation, Bitstream Inc. and FontShop which has given it the rights to many widely known font designs including Helvetica, ITC Franklin Gothic, Optima, Avant Garde, and Palatino. Monotype also owns MyFonts, an online retailer used by many independent font design studios.
Today, the company owns and distributes licenses to more than 10,000 typefaces. Monotype was acquired by TA Associates from Agfa Corporation in November 2004 and taken public by TA in July 2007. Monotype is headquartered near Boston in Woburn, MA (
www.monotype.com).
Deutsche Bank Securities is the financial advisor to HGGC and will also be the lead arranger on the debt financing for the transaction. Kirkland & Ellis is providing legal services to HGGC.
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