H.I.G. Capital has sold Eden Prairie, Minnesota-based HelpSystems, a provider of systems and network management, business intelligence and security and compliance solutions, to HGGC. No financial terms were disclosed.
SAN FRANCISCO–(BUSINESS WIRE)–H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with $25 billion of equity capital under management, is pleased to announce the closing of the sale of HelpSystems Holdings, Inc. (“HelpSystems” or the “Company”), to HGGC.
Founded in 1982 and headquartered in Eden Prairie, MN, HelpSystems is a leading provider of systems and network management, business intelligence, and security and compliance solutions. The Company delivers IT infrastructure software for IBM i, Unix, Linux, and Windows environments to over 13,000 customers worldwide. Customers come from virtually every industry and range in size from small and midsize businesses to Fortune 500 organizations.
In October 2015, H.I.G. acquired HelpSystems through a private transaction. “HelpSystems is a terrific organization with exceptional leadership. Chris Heim and Dan Mayleben and their team transformed the business into one that has delivered attractive organic growth every year since we acquired it and completed seven tuck-in acquisitions. HelpSystems has a bright future ahead of it,” said Fraser Preston, Managing Director at H.I.G.
Mr. Preston further commented, “Partnering with a respected organization like HGGC is a fantastic outcome for the Company’s employees, customers, and everyone involved, and we look forward to the Company’s continued success.”
HelpSystems aligns IT and business goals to help organizations build a competitive edge. Our software and services monitor and automate processes, encrypt and secure data, and provide easy access to the information people need. More than 13,000 organizations around the world rely on HelpSystems to make IT lives easier and keep business running smoothly.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $25 billion of equity capital under management.* 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 international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
1. 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.
2. 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 in 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.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.