H.I.G. Capital, the Miami private-equity firm managing $19 billion of capital, closed H.I.G. Brazil & Latin America Partners at $740 million, 23 percent above its $600 million target. The fund will continue H.I.G.’s “strategy of focusing on private equity, buyout and growth-oriented investments in lower-middle-market companies in Latin America, with a focus on Brazil,” the firm said in a statement. Since 2012, H.I.G. has closed 14 transactions in the region, three of which are in the new fund, Fernando Marques Oliveira, managing director and head of H.I.G. Latin America, said.
H.I.G. Capital Closes Brazil and Latin America Fund Above Target
April 6, 2016
RIO DE JANEIRO & MIAMI–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with $19 billion of equity capital under management, announced the closing of H.I.G. Brazil & Latin America Partners (the “Fund”), at $740 million, exceeding its $600 million target. The Fund will continue H.I.G.’s successful investment strategy of focusing on private equity, buyout and growth-oriented investments in lower middle-market companies in Latin America, with a focus on Brazil.
Sami Mnaymneh and Tony Tamer, Co-CEOs of H.I.G., commented: “We are delighted with the level of support we have received from our investors for this offering and are grateful for their trust. This new fund builds on H.I.G.’s long-standing track record of being a value-added partner to leading small/mid-cap companies.”
Fernando Marques Oliveira, Managing Director and head of H.I.G. Latin America, commented: “The current macro environment creates compelling opportunities to target undermanaged or capital constrained businesses that can benefit from H.I.G.’s expertise and resources. Since 2012, we have closed fourteen transactions in the region, three of which are in the new fund.”
Since establishing a Brazil presence in 2012, H.I.G. has been one of the most active private equity investors in the country in the small/midcap segment. In 2013, H.I.G. was named as the South America Private Equity Firm of the Year (Small/Mid-Market), and one of its transactions, Cel-lep Education, was awarded the South America Small Cap Private Equity Deal of the Year distinction by Global M&A Network.
H.I.G. currently has five offices in the region and a team of over thirty employees.