H.I.G. Capital Closes Second Europe Fund Above Target

H.I.G. Capital Closes Second Europe Fund Above Target

hig nfH.I.G. Capital has closed H.I.G. European Capital Partners II at €825 million ($1.1 billion), significantly above its initial target. The fund will follow the strategy of its predecessor fund, focusing on private equity, buyout and growth capital investments in lower middle-market companies primarily in Western Europe.

“We are very pleased to have completed this fundraising in less than three months, and, in particular, that the fund was significantly over-subscribed from existing H.I.G. investors. The new fund will continue our strategy of investing in privately-held companies and non-core subsidiaries of larger companies, especially those which present significant opportunities for earnings improvement and value creation,” said Sami Mnaymneh and Tony Tamer, co-founders and Managing Partners of H.I.G. Capital.

H.I.G. Europe’s team has offices in London, Paris, Hamburg and Madrid, and consists of over 50 investment professionals with operating and turnaround experience. H.I.G. Europe has completed 28 investments since it began investing in 2008.

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. Capital has more than $13 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).

© 2013 PEPD • Private Equity’s Leading News Magazine • 7-8-13

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