H.I.G. Capital Announces LBO Managing Director Promotions
MIAMI – February 12, 2014 – H.I.G. Capital L.L.C. (“H.I.G.”), a leading global private equity investment firm announced today the promotions of Mark Kelly and Keval Patel to Managing Directors of H.I.G. Capital’s U.S. LBO Group.
Having served as a member of H.I.G. Europe in London since 2007, Mark is now based in H.I.G.’s Chicago office. Mark and his team will focus their efforts on expanding H.I.G.’s LBO fund investment activities throughout the Midwest. Mark has been responsible for a numerous investments across a wide range of industries including food, consumer, media, distribution, business services and manufacturing. Prior to joining H.I.G., Mark was Group COO of Europe’s largest foodservice company Brakes Group (€3bn), and CEO of Pauley’s Foods. Mark holds an M.B.A. degree from Harvard Business School and received a BSc (Hons.) and an M.A. from Trinity College Dublin, Ireland.
Keval Patel joined H.I.G. in 2007 and is based in the Miami office. Mr. Patel has been responsible for numerous investments in a wide range of industries including chemicals, industrials, building products and technology. Prior to joining H.I.G., Mr. Patel was an Associate at Graham Partners, a Philadelphia based private equity firm, and an analyst at Salomon Smith Barney. Mr. Patel received his undergraduate degree from the Wharton School at the University of Pennsylvania.
Executive Managing Director Doug Berman noted: “Both Mark and Keval have made significant contributions to the firm and have been responsible for sourcing and structuring a number of successful investments. We are delighted to have them join the partnership and expand their roles within H.I.G.”
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. 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 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.