H.I.G. Capital

H.I.G. Capital

Type	Private Ownership
Industry	Private Equity
Founded	1993
Headquarters	Miami, Florida, United States 1450 Brickell Avenue 31st Floor Miami, FL 33131 200 Crescent Court Suite 1414 Dallas, TX 75201
Key people	Sami Mnaymneh, co-founding Partner Tony Tamer, co-founding Partner
Products	Private Equity, Growth Equity, Life Sciences, Credit/Special Situations, Real Estate, Lending, Syndicated Credit
Total assets	$19 billion
Website	www.higcapital.com

H.I.G. Capital is a global private equity and alternative assets investment firm with $19 billion of equity capital under management. The firm operates a family of private equity, growth equity, life sciences, real estate, credit/special situations, lending and syndicated credit funds.

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 affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. Capital specializes in providing both debt and equity capital to small and mid-sized companies, utilizing an operationally focused/ value-added approach.

Overview and History

H.I.G. was founded in 1993 by Sami Mnaymneh, formerly a managing director at The Blackstone Group and Tony Tamer, previously a partner at Bain & Company. In 1993, the first H.I.G. fund was originally launched with a focus on small to midsize investments and a strong emphasis on in-house operational expertise. H.I.G. currently operates a family of funds:

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 on 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, H.I.G. had raised a significant number of funds, including most recently:

H.I.G. Middle Market Fund II (2014) — $1.75 billion fund, focused on leveraged buyouts of middle market companies.^[1]
H.I.G. Capital Partners V (2013) — $1.0 billion fund, focused on leveraged buyouts of small-capitalization companies^[2]
H.I.G. European Capital Partners II (2013) — €825 EUR million fund, focused on European leveraged buyouts.^[3]
H.I.G. Bayside Debt and LBO Fund II (2008) — $3 billion fund, focused on distressed securities.
H.I.G. Bayside Europe Loan Opportunity Fund III (2013) — $1.0 billion fund focused on secondary purchases of senior loans and new issue loan originations in Europe
H.I.G. Bayside Loan Opportunity Fund II (2010) — $1.1 billion fund focused on secondary purchases of senior loans and new issue loan originations
H.I.G. Growth Equity Fund II, L.P. (2011) — $500 million fund, focused on strong, growth oriented small-capitalization businesses
H.I.G. BioVentures II (2012) — $268 million fund, focused on pharmaceuticals, medical devices, and diagnostics
WhiteHorse VI, Ltd (2013) — $415.5 million collateralized loan obligation (CLO) fund, focused on investing in the broadly-syndicated loan space

Today, the company claims to be "the largest and most active private equity firm in the lower-middle market." Its team includes more than 250 professionals worldwide. Since inception, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes over 100 companies with combined sales in excess of $30 billion,including US Medical Supply which it backed through a recap deal in August 2015.^[4]

Acquisitions

On March 3, 2016, Intuit announced plans to sell Quicken to H.I.G. Capital. Terms of the sale were not disclosed.^[5]

References

↑ "H.I.G. Capital Secures $1.75bn for New Mid-Market Vehicle in Fast Fundraise." AltAssets, February 10, 2014
↑ "Capital Closes Fund V at $1 Bln." PE HUB, March 4, 2013
↑ "H.I.G. Capital Closes H.I.G. Europe II Fund at EUR825 Million." FinSMEs.com, July 7, 2013
↑ "HIG Capital backs US Medical Supply through recap deal – AltAssets, August 21, 2015
↑ John Rebeiro (March 3, 2016). "Intuit selling Quicken to private equity firm HIG Capital". pcworld.com. IDG Consumer & SMB. Retrieved March 4, 2016.

External links

H.I.G. Capital (company website)
H.I.G. Capital Profile (BusinessWeek)
H.I.G. Capital raises over $1bn for Bayside European debt fund. AltAssets, May 16, 2013

Private equity and venture capital investment firms

Investment strategy	Venture Growth Mezzanine Secondaries Leveraged buyout

History	History of private equity and venture capital Early history of private equity Private equity in the 1980s Private equity in the 1990s Private equity in the 2000s

Investors	Angel investor Corporate venture capital Commercial bank Crowdfunding Institutional investor Insurance company Investment bank Endowment Family office Fund of funds High-net-worth individual Merchant bank Pension fund Sovereign wealth fund

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