H.I.G. Capital is a

Miami, Florida Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade C ...

–based

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

and alternative assets investment firm with $53 billion of equity capital under management. The firm operates a family of private equity,

growth equity Growth capital (also called expansion capital and growth equity) is a type of private equity investment, usually a Minority interest, minority investment, in relatively mature companies that are looking for capital to expand or restructure operatio ...

credit Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), ...

special situation A special situation in finance is an atypical event which has the high potential to alter the future course of a business, materially impacting the company's value. The connotation of the event may be both positive (for example, merger or acquisitio ...

, primary lending, syndicated credit, and real estate funds. The company provides both

debt Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase. The ...

and

equity capital In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $ ...

to small and mid-sized companies.

History

H.I.G. was founded in 1993 by Sami Mnaymneh, formerly a managing director at

The Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate bu ...

and

Tony Tamer Anthony Aouni Tamer (born October 12, 1957) is an American billionaire businessman, and the founder and Co-CEO of H.I.G. Capital, a global private equity and alternative assets investment firm with $48 billion of equity capital under management. ...

, previously a partner at

Bain & Company Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and non-profit organizations. One of the Big Three management consultancies, Bain & Company was fou ...

. Since its founding, H.I.G. has raised several funds, including most recently: * H.I.G. WhiteHorse Principal Lending Fund (2020) - $1.1 billion fund focused on investing in senior secured financing solutions to primarily, off-the-run, sponsor owned companies in North America. * H.I.G. Middle Market LBO Fund III (2019) - $3.1 billion fund focused on making private equity investments in middle market companies, primarily in North America. * H.I.G. Bayside Loan Opportunity Fund V (Europe) - $1.5 billion fund focusing on investments in small-cap, special situation credit opportunities in Europe. * H.I.G. Advantage Buyout Fund (2018) - $3 billion fund focused on control equity investments in more stable, higher quality companies with EBITDA between $25 million and $100 million. * H.I.G. Growth Buyouts & Equity Fund III (2018) - $970 million fund focused on making investments in growth buyouts, as well as structured equity, in high-growth, small-cap companies primarily in North America. * H.I.G. WhiteHorse Direct Lending Fund and H.I.G. WhiteHorse Loan Fund (2017) - $1.1 billion fund focused on investing in tailored senior secured financing solutions to non-sponsor and sponsor owned companies in the U.S. * H.I.G. Realty Partners III (2017) - $593 million fund focused on value-add investments in small to mid-cap properties in the United States. * H.I.G. Bayside Loan Opportunity Fund IV (2016) - $1.1 billion fund focused on investments in small-cap special situation credit opportunities in the United States * H.I.G. Brazil & Latin America Partners (2016) - $740 million fund focused on private equity, buyout and growth-oriented investments in lower middle-market companies in Latin America, with a focus on Brazil * H.I.G. Middle Market Fund II (2014) — $1.75 billion fund, focused on

leveraged buyouts A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money ( leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loa ...

of middle market companies. * H.I.G. Capital Partners V (2013) — $1.0 billion fund, focused on

of small-capitalization companies * H.I.G. European Capital Partners II (2013) —

€ The euro sign () is the currency sign used for the euro, the official currency of the eurozone and unilaterally adopted by Kosovo and Montenegro. The design was presented to the public by the European Commission on 12 December 1996. It consists o ...

825 EUR million fund, focused on European

. * WhiteHorse VI, Ltd (2013) — $415.5 million

collateralized loan obligation Collateralized loan obligations (CLOs) are a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners in various tranches. A CLO is a type of coll ...

(CLO) fund, focused on investing in the broadly-syndicated loan space * H.I.G. Bayside Europe Loan Opportunity Fund III (2013) — $1.0 billion fund focused on secondary purchases of senior loans and new issue loan originations in Europe * H.I.G. BioVentures II (2012) — $268 million fund, focused on pharmaceuticals,

medical devices A medical device is any device intended to be used for medical purposes. Significant potential for hazards are inherent when using a device for medical purposes and thus medical devices must be proved safe and effective with reasonable assura ...

, and diagnostics * H.I.G. Growth Equity Fund II, L.P. (2011) — $500 million fund, focused on strong, growth oriented small-capitalization businesses

Products

H.I.G.’s equity funds invest in

management buyouts A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1 ...

, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses. 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 on the secondary markets. H.I.G. is also a CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance. Other H.I.G. funds invest in various real assets, including real estate and shipping. According to its website, H.I.G.'s team includes more than 350 professionals. Since inception, H.I.G. has invested in and managed more than 300 companies and has a current portfolio of more than 100 companies.

Offices

The company is headquartered in

Miami Miami ( ), officially the City of Miami, known as "the 305", "The Magic City", and "Gateway to the Americas", is a East Coast of the United States, coastal metropolis and the County seat, county seat of Miami-Dade County, Florida, Miami-Dade C ...

, and has offices in

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

Dallas Dallas () is the List of municipalities in Texas, third largest city in Texas and the largest city in the Dallas–Fort Worth metroplex, the List of metropolitan statistical areas, fourth-largest metropolitan area in the United States at 7.5 ...

Los Angeles Los Angeles ( ; es, Los Ángeles, link=no , ), often referred to by its initials L.A., is the largest city in the state of California and the second most populous city in the United States after New York City, as well as one of the world' ...

San Francisco San Francisco (; Spanish language, Spanish for "Francis of Assisi, Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the List of Ca ...

, and

Atlanta Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...

in the United States, as well as affiliate offices in

London London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a majo ...

Hamburg (male), (female) en, Hamburger(s), Hamburgian(s) , timezone1 = Central (CET) , utc_offset1 = +1 , timezone1_DST = Central (CEST) , utc_offset1_DST = +2 , postal ...

Madrid Madrid ( , ) is the capital and most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and ...

Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

Bogotá Bogotá (, also , , ), officially Bogotá, Distrito Capital, abbreviated Bogotá, D.C., and formerly known as Santa Fe de Bogotá (; ) during the Spanish period and between 1991 and 2000, is the capital city of Colombia, and one of the larges ...

Rio de Janeiro Rio de Janeiro ( , , ; literally 'River of January'), or simply Rio, is the capital of the state of the same name, Brazil's third-most populous state, and the second-most populous city in Brazil, after São Paulo. Listed by the GaWC as a b ...

and

São Paulo São Paulo (, ; Portuguese for 'Saint Paul') is the most populous city in Brazil, and is the capital of the state of São Paulo, the most populous and wealthiest Brazilian state, located in the country's Southeast Region. Listed by the GaWC a ...

References

External links

* {{private equity firms Financial services companies established in 1993 Privately held companies based in Florida Private equity firms of the United States American companies established in 1993 Companies based in Miami 1993 establishments in Florida