H.I.G. Capital Explained

H.I.G. Capital, LLC
Type:Private
Key People:[1] [2]
Industry:Private Equity
Products:Private Equity, Growth Equity, Real Estate, Lending, Infrastructure, Special situation
Aum:$64 billion
Location:Miami, Florida, United States

H.I.G. Capital, LLC is a global alternative investment firm with $64 billion of capital under management. Headquartered in Miami, Florida, H.I.G. specializes in providing both debt and equity capital to middle market companies.[3] [4] [5] [6]

According to the firm’s website, H.I.G. has invested in and managed more than 400 companies, since inception. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion.[7] [8] [9] H.I.G. currently has over 1000 total employees, including more than 500 investment professionals worldwide.[10]

History

H.I.G. Capital was founded in 1993 by Sami Mnaymneh and Tony Tamer, both of whom previously held senior positions at The Blackstone Group and Bain & Company.[11] The company remains under their directorship.[12] In 2006, the company expanded to its first affiliate office in Europe, which is known as H.I.G. Europe.[13]

Products

H.I.G.’s equity funds invest in management buyouts, recapitalizations, corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses. The firm's debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) and secondary basis, as well as in the secondary markets.[14] Additionally, H.I.G. also manages a publicly traded business development corporation (BDC), WhiteHorse Finance.[15]

H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices. Its Infrastructure funds focus on making value-add and core plus investments in the infrastructure sector.[16] [17]

Offices

The company is headquartered in Miami and has affiliate offices in several major cities across the United States, including New York City, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta. Additionally, the firm has international offices located in London, Hamburg, Madrid, Milan, Paris, Luxembourg, Bogotá, Rio de Janeiro, São Paulo, and Dubai.[18]

Notes and References

  1. Web site: HIG Capital reveals long-term succession planning by naming first co-presidents . December 4, 2019.
  2. Web site: H.I.G. Capital Founder and Co-CEO Tamer to step back . January 24, 2024.
  3. Web site: H.I.G. Capital - about. hig.com.
  4. Book: DB Private Venture Capital Investors Directory – II - 2014: Smart Money für smarte Unternehmer . Books on Demand . IAC Society Co. Ltd. (editor) . 2014 . 9783735748393 . 164 . de.
  5. News: 4 August 2016 . Neuberger Berman's Dyal Capital Acquires Position in H.I.G. Capital . FINalternatives . dead . 12 April 2020 . https://web.archive.org/web/20160808015704/http://www.finalternatives.com/node/33569 . 8 August 2016.
  6. Web site: HIG Capital significantly expands credit platform . Press release . October 7, 2011.
  7. Web site: H.I.G. Capital - about. hig.com.
  8. News: Neuberger Berman's Dyal Capital Takes Stake in H.I.G.. Dawn. Lim. Wall Street Journal. 3 August 2016. www.wsj.com.
  9. "HIG Capital backs US Medical Supply through recap deal – AltAssets, August 21, 2015
  10. Web site: H.I.G. Capital - team. hig.com.
  11. Web site: H.I.G.'s Growth Tests Firm's Quest to Stay True to Its Roots - DHR International . https://web.archive.org/web/20160714141929/https://www.dhrinternational.com/about/news-media/higs-growth-tests-firms-quest-stay-true-its-roots/ . July 14, 2016 . www.dhrinternational.com.
  12. Book: United States, Federal Communications Commission . FCC Record: A Comprehensive Compilation of Decisions, Reports, Public Notices, and Other Documents of the Federal Communications Commission of the United States . The Ohio State University (MORITZ LAW LIBRARY) . 2017 . 10318.
  13. Book: Leleux, Benoît . Private Equity 4.0: Reinventing Value Creation . van Swaay . Hans . Megally . Esmeralda . Wiley . 2015 . 9781118939840 . 149 . en.
  14. Web site: Thangavelu . Poonkulali . July 14, 2017 . H.I.G Funds to Invest in Middle-Market Debt, Direct-Lending Opportunities . Chief Investment Officer.
  15. Web site: About - WhiteHorse Capital . https://web.archive.org/web/20220528074211/https://whitehorsecapital.com/about/ . May 28, 2022 . whitehorsecapital.com.
  16. Web site: Gil . Julia . 2023-11-03 . HIG Capital acquires two office buildings and a hotel in Madrid: advisors . 2023-11-29 . Iberian Lawyer . en-US.
  17. Web site: 11 May 2017 . H.I.G. closes $593M RE investment fund . The Real Deal.
  18. Web site: H.I.G. Capital contacts . hig.com.