H.I.G. Capital has closed its latest fund, H.I.G. Brazil & Latin America Partners, at $740 million, beating its $600 million target.
Since establishing a Brazil presence in 2012, H.I.G. has been one of the most active private equity investors in the country in the small and midcap market segment. The new fund will continue these efforts and make private equity, buyout and growth-oriented investments in lower middle-market companies in Latin America, with a focus on Brazil. H.I.G. has five offices in the region (four in Brazil) and a team of over thirty employees (www.higcapital.br.com).
“The current macro environment creates compelling opportunities to target undermanaged or capital constrained businesses that can benefit from H.I.G.’s expertise and resources. Since 2012, we have closed fourteen transactions in the region, three of which are in the new fund,” said Fernando Marques Oliveira, Managing Director and head of H.I.G. Latin America.
H.I.G. Capital provides 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 • 4-7-16
