H.I.G. Capital has closed H.I.G. Capital Partners V at its $1 billion hard cap. The fund will continue the strategy of H.I.G. Capital’s four predecessor funds, focusing on private equity, buyout and equity-related investments in lower middle-market companies primarily in the United States.
“We are very happy with how quickly we were able to raise H.I.G.’s fifth buyout fund and, in particular, that the fund was significantly over-subscribed from existing H.I.G. investors,” said Sami Mnaymneh and Tony Tamer, co-founders and Managing Partners of H.I.G. Capital.
H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. Since its founding, H.I.G. has invested in and managed more than 200 companies and the firm’s current portfolio includes companies with combined revenues in excess of $8 billion. H.I.G. Capital has more than $11 billion of equity capital under management. The firm was founded in 1993 and is based in Miami with additional offices in Atlanta, Boston, Chicago, Dallas, New York, San Francisco, London, Hamburg, Madrid, Paris, and Rio de Janeiro (www.higcapital.com).
“The new fund will allow us to continue our successful strategy of investing in privately-held companies and non-core subsidiaries of larger companies that present significant opportunities for earnings improvement and value creation,” said Doug Berman, Executive Managing Director of H.I.G. Capital.
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-5-13