#USA #H.I.G. Capital #Miami #Private Equity #Fund IV

H.I.G. Capital Announces the Successful Closure of its Latest Fund

In a significant development for private equity in Europe, H.I.G. Capital, a leading global alternative investment firm, recently declared the closing of its new fund, H.I.G. Europe Capital Partners IV. This fund reached its target swiftly, gathering a substantial €1.6 billion in capital commitments within just six months after launch. This rapid closure showcases the strong demand from both existing and new limited partners, highlighting investors' confidence in the strategy pursued by H.I.G.

Since its inception, H.I.G. has established itself as a formidable player in the lower middle market, particularly within Europe. The new Fund IV will continue the successful strategies of its predecessors while focusing on underperforming European businesses where operational value creation can be maximized. This strategic shift will particularly target complex situations and dynamic transactions, an area where H.I.G. has demonstrated considerable expertise over its nineteen years of operations in Europe.

With over 150 investment professionals based in key European cities such as London, Milan, Hamburg, Paris, and Madrid, H.I.G. boasts a rich history of making impactful investments in the region. Since beginning its investment activities in Europe in 2007, the firm has executed 92 investments in private equity platforms, focusing on the lower middle market. This extensive experience equips H.I.G. with the competitive edge necessary to navigate and thrive in this intricate market.

Sami Mnaymneh and Tony Tamer, co-founders and co-Executive Chairmen of H.I.G. Capital, emphasized the firm's ability to deliver differentiated offerings to its limited partners (LPs). “Our global platform provides us with unparalleled scale, resources, and operational capabilities that set us apart in the middle market. Our established presence in Europe and our proven ability to create value in complex scenarios have positioned H.I.G. as a preferred partner for LPs seeking diverse exposure.”

Wolfgang Biedermann, Executive Managing Director and Head of H.I.G. Private Equity in Europe, remarked on the enticing market conditions for launching Fund IV: “Our approach towards control investments in operationally complex and underserved businesses will lead us to discover unique investment opportunities. We are particularly interested in local enterprises where practical execution and in-depth market knowledge provide substantial competitive advantages.”

Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation, noted the overwhelming support from limited partners across the globe. Despite the competitive fundraising environment, their sustained commitments have resulted in a successful oversubscription, reflecting confidence in H.I.G.’s strategy and execution capabilities.

Fund IV has garnered backing from a diverse group of limited partners, including asset managers, public and corporate pensions, family offices, endowments, sovereign wealth funds, and consulting firms across North America, Europe, the Middle East, and Asia. H.I.G. has always been renowned for its operationally focused investment philosophy, which enables the firm to effectively manage both equity and debt investments in middle market operations.

Since its establishment in 1993, H.I.G. Capital has invested in over 400 companies globally, with the current portfolio consisting of more than 100 companies generating over $53 billion in combined revenue. This comprehensive approach demonstrates H.I.G.'s commitment not only to substantial financial growth but also to enhancing operational practices across diverse sectors.

To discover more about H.I.G. Capital and their investment strategies, visit hig.com.