HMC Capital Limited (ASX:HMC) signed a Binding term sheet agreement to acquire StratCap, LLC for $28.5 million on February 20, 2024. The transaction is subjected to conditions and regulatory approval. As of March 28, 2024, HMC Capital (ASX: HMC) entered into final documentation to acquire 100% of StratCap, LLC.

The transaction is expected to close in Q2 CY24 and is subject to customary closing conditions, including regulatory approvals. This announcement is approved for release by the HMC Capital Board. As part of the transaction, Goldman Sachs & Co.

LLC acted as financial advisor to StratCap, LLC. As on March 28, 2024, HMC Capital Limited (ASX:HMC) enters into a definative agreement to acquire StratCap.