India, Sept. 18 -- H.I.G. Capital Friday said that one of its affiliates has entered into a definitive agreement to sell portfolio company General Datatech, or GDT, to an affiliate of Softcat Plc (SCT.L) for an enterprise value of $1.05 billion. The transaction, which is subject to customary closing conditions, is expected to close by the end of the first quarter of 2027.
Headquartered in Dallas, Texas, GDT is a global IT solutions provider offering secure, enterprise-grade, AI-ready infrastructure and services to customers across a broad range of end markets.
H.I.G Capital said that Guggenheim Securities LLC and Moelis & Company LLC served as financial advisors to H.I.G. and GDT, while Kirkland & Ellis LLP provided legal counsel in relat...