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KKR is invested in mdf commerce through its Ascendant Strategy, which invests in middle-market businesses in North America.

Mdf commerce, an e-procurement services company that services local and state government organizations, is now private.

In March, KKR — a global investment firm — announced plans to acquire mdf commerce for C$255 million (US$189 million).

mdf commerce goes private

Now, the deal is complete. Company shareholders approved the deal on May 10.

“Mdf commerce has a bright future ahead, and we are thrilled to be part of it,” says KKR partner John Park. “We look forward to supporting the Company in becoming a leading commerce platform and working closely with management to fulfill this vision.”

KKR is investing in mdf commerce through its Ascendant Strategy, which invests in middle-market businesses in North America.

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Mdf commerce is a Canadian provider of ecommerce and e-procurement services to public sector organizations — primarily in the U.S. It has approximately 6,500 public-sector buying organizations using its applications and services for e-procurement.

“We are very pleased with the successful outcome of this transaction,” says mdf commerce board chair Pierre Chadi. “I am confident that mdf commerce is in good hands with KKR, a resourceful owner who will support the company’s long-term growth plan and take this SaaS [software-as-a-service] leader in digital commerce technologies to the next level.”

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