#H.I.G. Capital #London #United Kingdom #Interpath #Bridgepoint Group

H.I.G. Capital's Strategic Sale of Interpath

In a significant development within the investment landscape, H.I.G. Capital, a prominent alternative investment firm managing $72 billion in capital, has announced its intention to sell its portfolio company, Interpath, to funds managed by Bridgepoint Group, a leading player in the medium-sized enterprise private equity market. This planned transaction is contingent upon customary regulatory approvals and the completion of employee consultation processes, where applicable.

Interpath has established itself as a global financial consulting firm, employing over 1,000 professionals and boasting an extensive team of more than 100 directors. The company specializes in diverse areas including restructuring, mergers and acquisitions, and value creation, positioning itself as a significant player in the financial advisory space. Under H.I.G.'s stewardship, Interpath expanded its geographical reach and diversified its client base significantly.

Nishant Nayyar, CEO of H.I.G. Capital, shared insights on this strategic move, stating, "When we acquired Interpath from KPMG five years ago, our goal was to develop the preeminent British restructuring and financial consulting firm under world-class leadership. We take pride in having supported the strong growth, geographical expansion, and diversification of the firm during our ownership. We express gratitude to our chair, Tamara Box, and the late John Connolly for their invaluable contributions, and we congratulate CEO Mark Raddan and the entire leadership team for the remarkable journey they have undertaken. We look forward to witnessing Interpath’s continued success as it embarks on its next chapter."

Adding further context, Markus Noe-Nordberg, General Partner and head of H.I.G.'s European Middle Market LBO team, remarked, "This proposed transaction signifies yet another successful exit for our European Middle Market Fund. Interpath exemplifies H.I.G.'s capacity to generate substantial value through intricate partial exits and by nurturing market-leading professional services enterprises."

Mark Raddan, the CEO of Interpath, expressed immense gratitude to H.I.G. for their unwavering support and commitment over the past five years. "They have supported our vision wholeheartedly, initially assisting us in establishing solid foundations following our partial exit and subsequently aiding us as we expanded our international footprint and enhanced our service offerings," said Raddan.

From Bridgepoint's perspective, Charles Welham, Partner and head of the Commercial and Financial Services sector, noted, "Interpath offers a high-quality, differentiated advisory platform with a unique culture, operating within a rapidly growing market that provides significant opportunities for market share gains. We are particularly excited about the prospect of bolstering its exceptional talent pool and accelerating the pace at which more leading professionals in their fields join the Interpath platform. We are thrilled to partner with the outstanding management team at Interpath as they navigate their next phase of growth—developing a more international and diversified business while continuing to capture market share amidst more constrained competitors."

Understanding Interpath

Interpath is known for providing a wide range of financial advisory and restructuring services to its clients. Its expanding advisory capabilities include both transaction advisory and judicial expertise, offering services that encompass litigation advice, regulatory compliance, value creation, financial due diligence, corporate finance, and debt advisory. The company’s well-established restructuring capabilities have their roots in over 50 years of experience, covering financial restructuring, contingency planning, formal restructuring, and insolvency.

Additionally, Interpath offers a variety of cross-disciplinary services in areas like valuation, pensions, tax, data, and technology. With over 1,000 employees and 30 office locations across the UK, Ireland, France, Spain, Germany, Austria, Switzerland, Hong Kong, the British Virgin Islands, the Cayman Islands, and Algeria, the firm is strategically poised for future growth.

For more details, visit Interpath’s website.

About H.I.G. Capital

Founded in 1993, H.I.G. Capital is a global leader in alternative investments with a commitment of $72 billion in capital under management. Headquartered in Miami, the firm has a wide-reaching presence with offices throughout the U.S. and affiliated offices in major cities worldwide. H.I.G. specializes in providing debt and equity capital to mid-sized companies, leveraging a flexible, operationally focused approach to create value.

The firm actively invests in management buyouts, recapitalizations, and corporate divestitures across various sectors, including manufacturing and services. H.I.G. also manages a public business development company, WhiteHorse Finance, in addition to its debt funds, which provide senior, unitranche, and subordinated debt to businesses of all sizes.

With over 400 investments managed globally and a current portfolio comprising upwards of 100 companies with a cumulative revenue exceeding $53 billion, H.I.G. Capital is at the forefront of investing in successful enterprises. For further information, please visit H.I.G. Capital's website.

About Bridgepoint Group

Bridgepoint Group is a leading global private equity investor focused on the middle market, specializing in private equity, infrastructure, private credit, and wealth management. With $87 billion in assets under management and a robust local presence in Europe, North America, and Asia, Bridgepoint combines global scale with local market knowledge and sector expertise to achieve high returns throughout various economic cycles. To learn more, visit Bridgepoint Group’s website.