H.I.G. Capital

H.I.G. Capital, LLC
Private Ownership
Industry Private Equity
Founded 1993 (1993)
Headquarters

Miami, Florida, United States 1450 Brickell Avenue 31st Floor

Miami, FL 33131
Key people
 Sami Mnaymneh, Founder and Co-CEO
Tony Tamer, Founder and Co-CEO
Products Private Equity, Growth Equity, Credit/Special Situations, Real Estate, Lending, Syndicated Credit
Total assets $27 billion
Website www.higcapital.com

H.I.G. Capital is a Miami, Florida-based private equity and alternative assets investment firm with over $27 billion of equity capital under management. The firm operates a family of private equity, growth equity, credit/special situation, primary lending, syndicated credit, and real estate funds. The company provides both debt and equity capital to small and mid-sized companies [1].

History

H.I.G. was founded in 1993 by Sami Mnaymneh, formerly a managing director at The Blackstone Group and Tony Tamer, previously a partner at Bain & Company. [2]

Since its founding, H.I.G. has raised several funds, including most recently:

  • 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 [3]
  • 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 [4]
  • H.I.G. Middle Market Fund II (2014) — $1.75 billion fund, focused on leveraged buyouts of middle market companies.[5]
  • H.I.G. Capital Partners V (2013) — $1.0 billion fund, focused on leveraged buyouts of small-capitalization companies[6]
  • H.I.G. European Capital Partners II (2013) — €825 EUR million fund, focused on European leveraged buyouts.[7]
  • WhiteHorse VI, Ltd (2013) — $415.5 million collateralized loan obligation (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 [8]
  • H.I.G. BioVentures II (2012) — $268 million fund, focused on pharmaceuticals, medical devices, and diagnostics [9]
  • H.I.G. Growth Equity Fund II, L.P. (2011) — $500 million fund, focused on strong, growth oriented small-capitalization businesses [10]

Products

H.I.G.’s equity funds invest in management buyouts, 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 [11]. H.I.G. is also a CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance. [12]

Other H.I.G. funds invest in various real assets, including real estate and shipping. [13]

According to its website, H.I.G.'s team includes more than 300 professionals. [14] Since inception, H.I.G. has invested in and managed more than 200 companies and has a current portfolio of more than 100 companies.[15][16]

Offices

The company is headquartered in Miami, and has offices in New York City, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the United States, as well as affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City, Rio de Janeiro and São Paulo. [17]

References

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