H.I.G. Capital recaps Fox River Fiber

H.I.G. Capital LLC said Tuesday that it recapitalized Fox River Fiber LLC. Fox River will be combined with Rolland Enterprises Inc., an H.I.G. portfolio company. De Pere, Wisconsin-based Fox River is a manufacturer of de-inked recycled pulp produced using post-consumer waste paper.


H.I.G. Closes Fund V At $1B Cap

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 […]

French Chemical Company Shops Tin Stabilizer Biz: Source

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 […]

Chartis U.S. Buys Service Net from H.I.G. Capital

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.

So Smooth, So Profitable

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 […]

H.I.G. Capital Buys Alexander Gallo Holdings

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.

Top 10 List: Your Favorite HUB Posts This Week

What stories did your colleagues find to be must-read this past week? Below are the 10 posts that were most popular with regular readers of peHUB:

Miami Shop Eyes $450 Million for Growth Buyouts, by Bernard Vaughan

Arsenal Capital to Reload with Fund III, by Jon Marino

Banned for Life: Catching up with Entrepreneur Noah Kagan, by Connie Loizos

As Froth Makes Comeback, So Does ‘Sudden Wealth Syndrome,’ by Connie Loizos

BrightSource IPO Could Make Big Winners of VantagePoint, DFJ, by Mark Boslet

Welsh Carson Looking for “Toeholds”: Queally, by Bernard Vaughan

CI Capital Raises $620M for Roll-Up Deals, by Steve Bills

Poll Results: Majority Believes White iPhone 4 Will Be Released But Most Would Still Buy iPhone 5, by Luisa Beltran

Tony Roma’s, Known for Its Ribs, is Up for Sale, by Luisa Beltran

Patria, Backed by Blackstone, Seen Smashing $900M target of Fourth Fund, by Luisa Beltran

Miami Shop Eyes $450 Million for Growth Buyouts

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, […]

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