H.I.G. Capital closes Middle Market LBO Fund II on $1.75 bln cap

H.I.G. Capital has closed its H.I.G. Middle Market LBO Fund II on its $1.75 billion hard cap. The fund focuses on buyout and equity investments in middle market companies primarily in the U.S. The final closing continues H.I.G.’s impressive run of fundraising — last year the firm closed H.I.G Europe II above its target on 825 million euros, and H.I.G. Bayside Loan Opportunity Fund III, beating its $1 billion target.

Press Release

H.I.G. Capital announced today that it has successfully closed H.I.G. Middle Market LBO Fund II at its $1.75 billion cap. The fund will continue H.I.G. Capital’s successful investment strategy of focusing on private equity, buyout and equity-related investments in middle-market companies primarily in the United States.

“With the new fund, we will continue to focus on investing in middle market companies where we see significant opportunities for earnings improvement and value creation. Our team’s extensive operational experience will continue to be a key factor in driving the operational and financial performance of our portfolio companies.”

Sami Mnaymneh and Tony Tamer, co-founders and Managing Partners of H.I.G. Capital, commented: “We value the strong relationships we maintain with our existing investors, which enabled us to raise the fund quickly and resulted in the fund being significantly over-subscribed.”

Brian Schwartz and Rick Rosen, Executive Managing Directors of H.I.G. Capital, added: “With the new fund, we will continue to focus on investing in middle market companies where we see significant opportunities for earnings improvement and value creation. Our team’s extensive operational experience will continue to be a key factor in driving the operational and financial performance of our portfolio companies.”

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.

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