Capital West Advises Vigil Health Solutions on Sale to ASSA ABLOY
Capital West Partners is pleased to announce its role as financial advisor to Vigil Health Solutions Inc. (“Vigil”).
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On January 17, 2022, Vigil announced it had entered into an agreement with ASSA ABLOY, pursuant to which ASSA ABLOY will acquire all of Vigil’s issued and outstanding common shares (the “Transaction”). The Transaction is valued at $12.55 million and represents a 34% premium over Vigil’s 30-day volume weighted average share price prior to the announcement. The Transaction is expected to close in March 2022, following the satisfaction of certain closing conditions.
Based in Victoria, BC, Vigil develops and markets a proprietary platform combining software and hardware to provide solutions to the expanding seniors’ housing market. The Transaction will result in one of the most comprehensive product offerings in the senior care market, matching Vigil’s technological expertise and industry knowledge with opportunities and resources offered by a multi-national company like ASSA ABLOY.
Capital West Partners acted as financial advisor to Vigil and provided a fairness opinion with respect to the Transaction.
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