H.I.G. Middle Market has promoted Matt Lozow to Managing Director and hired Alok Sanghvi as a new Managing Director. Messrs. Lozow and Sanghvi will be responsible for leading H.I.G.’s business services investment efforts and both are based in New York.
“We are excited to have Matt and Alok head up our business services vertical, which has been an active and successful area for H.I.G. for many years. They both have extensive experience in business services and we look forward to their continued achievements for the middle market team,” said H.I.G. Executive Managing Director Rick Rosen.
Mr. Lozow has been part of H.I.G.’s middle market team since joining the firm in 2009. He is responsible for all aspects of the investment process including sourcing, transaction structuring, financing and executing post-closing growth, operational, and add-on acquisition strategies. Mr. Lozow has worked on a number of investments for H.I.G. including Surgery Partners, MagnaCare, SeaStar Marine and A10. Prior to joining H.I.G. in 2009, he worked at Behrman Capital and Audax Private Equity focusing on late stage buyouts and recapitalizations. He has an undergraduate engineering degree from MIT and his MBA from Wharton.
Mr. Sanghvi has more than 15 years of experience in private equity and mergers and acquisitions. Prior to joining H.I.G., he led corporate development at MultiPlan, a large healthcare company where he was responsible for corporate strategy and transaction activity. Before MultiPlan, he spent 8 years at Warburg Pincus where he focused on healthcare investments. Mr. Sanghvi received his undergraduate degree from Harvard College and his MBA from Harvard Business School.
H.I.G. Middle Market invests up to $200 million of equity in transactions involving mid-market companies. Overall, H.I.G. 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 $19 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).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-7-16