H.I.G. Capital Invests in a Leading Managed Print Services (MPS) Company in Rio de Janeiro
RIO DE JANEIRO, BRAZIL – April 1, 2014 – H.I.G. Capital, LLC (“H.I.G.”), a leading global private investment firm, announced today that its Brazilian affiliate has made a significant investment in Office Total (“Office Total” or the “Company”), a leading Brazilian Managed Print Services (MPS) provider.
Established in 1995 with headquarters in Rio de Janeiro, Office Total outsources and commercializes a wide range of office equipment from several suppliers and offers a wide range of leasing programs to its clients. The Company operates regionally and enjoys a loyal and diversified client base spread over several industries. It has nearly 500 long-term outsourcing contracts, and provides ongoing technical support and monitoring services.
Andre Vinicius, CEO of Office Total, commented, “H.I.G.’s partnership will enable the company to participate in larger projects and fuel our organic growth. We expect to expand our portfolio of services, adding more value to our clients.”
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Brazil and H.I.G. Latin America, added: “Office Total is a unique platform in the MPS market for small and medium-sized businesses, an underpenetrated growing market. The Company is well positioned for further expansion and has a solid management team. We are excited to support Office Total’s next phase of growth.”
About Office Total
Founded by Ivo Schmidt and Roberto Zani, two former executives from IBM, Office Total is the leading MPS provider in Rio de Janeiro. The Company outsources and commercializes a wide range of equipment from several suppliers. With over 200 employees, Office Total is among the largest buyers of printers in Brazil. For further information, please visit www.officetotal.com.br.
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $15 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco 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 capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding in 1993, H.I.G. invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 80 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.