H.I.G. Middle Market has entered into an agreement to acquire HelpSystems from current investor Summit Partners. Summit acquired the company in 2012 from Audax Group.
HelpSystems is a provider of system and network management, business intelligence, and security and compliance services. The company’s customers total over 9,000 and operate in a range of industries. HelpSystems provides its services for IBM-i operating systems and is expanding its presence on the Windows, Linux, and Unix platforms. HelpSystems was founded in 1982 and is based near Minneapolis in Eden Prairie, MN (www.helpsystems.com).
“We are excited to partner with Chris Heim, Dan Mayleben, and the entire HelpSystems team to continue the company’s strong growth,” said Fraser Preston, Managing Director at H.I.G. “We look forward to working together with the management team to expand HelpSystems’ suite of products and to continue to provide best-in-class service to HelpSystems’ customers.”
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. H.I.G. has more than $17 billion of 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, Milan, Paris, and Rio de Janeiro (www.higcapital.com).
Evercore is acting as lead financial advisor to H.I.G. Credit Suisse is also a financial advisor to H.I.G.
© 2015 PEPD • Private Equity’s Leading News Magazine • 8-18-15
