The multi-strategy private equity firm H.I.G. Capital LLC announced that it has closed its latest flagship buyout fund, H.I.G. Capital Partners V, at its $1 billion cap, sister magazine Buyouts reported. Miami-based H.I.G. Capital has dedicated funds and teams devoted to a number of specific strategies, including mid-market buyouts, growth equity, bio-sciences, real estate, special [...]
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French industrial chemicals company Arkema is shopping its tin stabilizer business to suitors including private equity firms, according to a source who has looked at marketing materials for the asset. The tin stabilizer business, housed in Arkema’s “functional additives” business, provides chemicals that are added into polyvinyl chloride, or PVC products, such as pipes, cables [...]
H.I.G. Capital said Wednesday that it has closed the sale of Service Net to Chartis U.S., a subsidiary of AIG. Financial terms were not announced. Jeffersonville, Ind.-based Service Net offers extended warranty programs for products including major appliances and consumer electronics.
H.I.G. Capital LLC appears to have generated a hardy return on its sale of Ideal Image, a Tampa, Fla.-based provider of laser hair removal services. The Miami-based firm announced on Nov. 1 that it sold the company for $175 million to Steiner Leisure, the publicly traded spa services and products company. H.I.G. led a $16 [...]
Bayside Capital, an affiliate of buyout shop H.I.G. Capital, will acquire the assets of Atlanta-based Alexander Gallo Holdings, it announced Wednesday. Alexander Gallo is the parent company to court reporting and litigation solutions companies Esquire Solutions and Sanction Solutions. As part of the process, Alexander Gallo Holdings filed a voluntary Chapter 11 restructuring plan with the U.S. Bankruptcy Court. H.I.G. Capital will invest up to $20 million in the company to support operations during the bankruptcy process.
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H.I.G. Capital LLC is raising a new fund that appears to be pursuing a hybrid growth equity and buyouts strategy. The Miami-based firm is seeking $450 million for the fund, called H.I.G. Growth Buyouts & Equity Fund II LP, Buyouts reports, citing a recent regulatory filing. H.I.G. Capital, with more than $8.5 billion under management, [...]