Origin Merchant Partners (“Origin”) acted as the Independent Financial Advisor to the special committee of WonderFi  (TSX:WNDR) on its sale to Robinhood (NASDAQ:HOOD).

The two companies entered into a definitive agreement in an all-cash deal amounting to a total consideration of approximately C$250 million. This transaction represents a pivotal step in Robinhood’s expansion strategy, marking its entry into the Canadian market and highlights the new strategic focus on its rapidly growing crypto segment for both its retail and institutional clients. This transaction enhances WonderFi’s journey to bring its technology, innovation, and talent to a broader client base, positioning it to seize new market opportunities and lead Robinhood’s expansion in Canada.

About WonderFi
WonderFi is a leader in centralized and decentralized financial services and products. With over C$2.1 billion in client assets under custody, WonderFi’s regulated trading platforms are well-positioned to service crypto participants across Canada with trading, payments and decentralized products, including purpose-built blockchains and non-custodial wallet applications. Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare and SmartPay.

About Robinhood
Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, futures (which includes options on futures, swaps, and event contracts), and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors.

Press Release : WonderFi Enters into Definitive Agreement to be Acquired by Robinhood Markets

Deal team: Jim Osler, Tedi Gjoleka

Origin Merchant Partners is pleased to announce that it served as the exclusive investment banking advisor to Marcy Laboratories, Inc. (“Marcy”) on its recapitalization of the Company and partnership with LFM Capital (“LFM”).

Marcy Laboratories is a contract manufacturer specializing in the fragrance industry, providing blending, filling, packaging, and component sourcing services. Marcy serves large fragrance brands, specialty retailers, and other select beauty customers. The Company was founded in 1963 and is based in Glendale Heights, Illinois.

LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM team bring decades of management leadership, operating best practices, exceptional professional recruiting networks, and a successful track record in lower middle market investing. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies.

Kevin Morton, President of Marcy, commented: “We are deeply grateful to the Origin team for their thoughtful and unwavering dedication at every stage of the process. Their tireless commitment and genuine partnership were instrumental in delivering an exceptional outcome for our business, and it was a true pleasure working with them.”

Deal team: Nick Newlin, Katie Balson

Origin Merchant Partners acted as Independent Financial Advisor to the Special Committee of Converge on its sale to H.I.G.

The two companies entered into an arrangement agreement (the “Arrangement Agreement“) with an affiliate of H.I.G. Capital (“H.I.G.“), whereby H.I.G agreed to acquire all the issued and outstanding common shares (the “Common Shares“) of the Company (the “Transaction“). The purchase price of the Transaction values Converge at an enterprise value of approximately C$1.3 billion.

Additionally, as a result of the Transaction, Converge will join the current H.I.G. owned entity, Mainline Information Systems, LLC (“Mainline“). Headquartered in Tallahassee, FL, Mainline is a diversified IT solutions provider specializing in enterprise servers, hybrid cloud, cyber storage, and network & security solutions, along with providing associated professional and managed services. Converge and Mainline offer complementary products and services, and their joining will permit the combined companies to better serve customers with a broader and more diverse variety of solutions in areas such as cybersecurity, cloud, and digital infrastructure. 

About Converge
Converge Technology Solutions Corp. is reimagining the way businesses think about IT—a vision driven by people, for people. Since 2017, Converge has focused on delivering outcomes-driven solutions that tackle human-centered challenges. As a services-led, software-enabled, IT & Cloud Solutions provider, Converge combines deep expertise, local connections, and global resources to deliver industry-leading solutions.

Through advanced analytics, artificial intelligence (AI), cloud platforms, cybersecurity, digital infrastructure, and workplace transformation, Converge empowers businesses across industries to innovate, streamline operations, and achieve meaningful results. Converge’s AIM (Advise, Implement, Manage) methodology ensures solutions are tailored to a customers’ specific needs, aligning with existing systems to drive success without complexity.

About H.I.G Capital
H.I.G. Capital is a leading global alternative investment firm with $67 billion of capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach.

About Mainline
Mainline is a leading IT solutions provider and consulting firm specializing in cybersecurity, hybrid cloud, modern data center infrastructure, software solutions, and managed services. With national coverage, strategic technology partnerships, and multi-vendor technology expertise, Mainline delivers cost-effective business outcomes.

Press Release : Converge Technology Solutions to be Acquired by H.I.G. Capital

Deal team: Jim Osler, Mario Di Pietro, Andrei Rojine