H.I.G. Capital Closes Brazil and Latin America Fund Above Target
RIO DE JANEIRO & MIAMI – April 6, 2016 – H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with $19 billion of equity capital under management, announced the closing of H.I.G. Brazil & Latin America Partners (the “Fund”), at $740 million, exceeding its $600 million target. The Fund will continue H.I.G.’s successful investment strategy of focusing on private equity, buyout and growth-oriented investments in lower middle-market companies in Latin America, with a focus on Brazil.
Sami Mnaymneh and Tony Tamer, Co-CEOs of H.I.G., commented: “We are delighted with the level of support we have received from our investors for this offering and are grateful for their trust. This new fund builds on H.I.G.’s long-standing track record of being a value-added partner to leading small/mid-cap companies.”
Fernando Marques Oliveira, Managing Director and head of H.I.G. Latin America, commented: “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.”
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/midcap segment. In 2013, H.I.G. was named as the South America Private Equity Firm of the Year (Small/Mid-Market), and one of its transactions, Cel-lep Education, was awarded the South America Small Cap Private Equity Deal of the Year distinction by Global M&A Network.
H.I.G. currently has five offices in the region and a team of over thirty employees.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $19 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- Other H.I.G. funds invest in various real assets, including real estate and shipping.
Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.