“HGGC Explores $4 Billion Sale of Typeface Firm Monotype”, 2023-09-28 (; backlinks):
Buyout firm HGGC is exploring a sale of Monotype Imaging Holdings Inc that could value the typeface firm at more than $4,000 million, including debt, according to people familiar with the matter.
…Monotype, which was taken private by HGGC in a $825 million deal 4 years ago, will be pitched to industry players and other private equity firms, according to the people. The company generates annual earnings before interest, tax, depreciation and amortization of more than $200 million, they said.
Monotype has been acquisitive under HGGC’s ownership. In 2021, it acquired Hoefler & Co, whose typefaces include the Gotham font. In March, Monotype formed a partnership with design platform Canva, and in July it struck a deal to buy Tokyo-based Fontworks, a provider of Japanese type design, from SB Technology.
With more than 40,000 fonts, Monotype Fonts is the industry’s leading font management platform, according to its website.
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