- H.I.G. Capital
Infobox_Company
company_
company_name = H.I.G. Capital
company_type = Private Ownership
foundation =1993
location =
industry =Private Equity
products = Private equity funds,Leveraged buyout s,Venture capital ,Distressed securities ,Hedge fund s
assets = $7.5 billion
homepage = [http://www.higcapital.com/ www.higcapital.com]H.I.G. Capital is an alternative investment firm that operates a family of
private equity andventure capital funds as well as distressed debt and public equityhedge fund s. The firm's roots trace back to middle-marketleveraged buyout s,management buyouts ,leveraged recapitalization s, andgrowth capital investments.The firm was founded in
1993 and is headquartered inMiami, Florida with offices in Atlanta, Boston,San Francisco andLondon . Today the firm operates in several related sectors inprivate equity and alternative investments:* H.I.G. Capital –
Private Equity – A $3.5 billion platform focusing onleveraged buyout s,management buyouts andleveraged recapitalization s of established and profitable manufacturing and service companies as well asgrowth capital investments in less mature companies.* H.I.G. Europe –
Private Equity – The European affiliate of H.I.G. Capital focuses on middle market transactions investing from a dedicated €600 million Europeanprivate equity fund . In 2007, H.I.G. Europe received the "Fund of the Year" award from the European Private Equity and Venture Capital Association (EVCA). ("See: Trademark Controversy")* H.I.G. Ventures –
Venture Capital – A $550 million venture capital practice, H.I.G. Ventures invests in growth stage and expansion stage companies, specifically in the information technology, life sciences and business services sectors. [" [http://www.altassets.com/news/arc/2007/nz11252.php H.I.G. Capital closes €600m fund for Europe, opens three European offices] ." AltAssets, July 9, 2007]* Bayside Capital –
Distressed securities – a $3.5 billion special situations platform, Bayside makes investments in companies with distressed or over-leveragedbalance sheets , through a variety of investments including equity infusions; secondary market purchases of debt throughout thecapital structure ; out of court restructurings, turnarounds and bankruptcies;debtor in possession (DIP) financings and special situations lending. [" [http://www.altassets.com/news/arc/2008/nz13508.php H.I.G. Capital closes $3bn distressed fund] ." AltAssets, June 11, 2006]* Brightpoint Capital – Public equities – Operating as a
hedge fund , Brightpoint invests primarily in small and mid-capitalization publicly traded companies and, to a lesser extent, in less liquid, non-control investments.History
H.I.G. was founded in
1993 by Anthony (Tony) Tamer, previously a partner atBain & Company and Sami Mnaymneh, formerly a managing director atThe Blackstone Group . In 1993, the first HIG fund was originally launched with a $73 million hybridleveraged buyout /venture capital fund, drawing on the backgrounds of its two founding partners. Since its founding, H.I.G. had raised nine investments funds as of2008 :*HIG Capital Partners I (1993) - $125 million hybrid fund focused on both leveraged buyouts and venture capital
*HIG Capital Partners II (1998) - $255 million fund, focused on leveraged buyouts
*HIG Venture Capital (1999) - $225 million fund, focused on venture capital
*HIG Capital Partners III (2002) - $450 million fund, focused on leveraged buyouts
*Bayside Opportunity Fund (2004) - $500 million fund, focused ondistressed securities
*HIG Venture Partners II (2005) - $300 million fund, focused on venture capital
*HIG Capital Partners IV (2006) - $750 million fund, focused on leveraged buyouts
*HIG European Capital Partners (2007) - €600 EUR million fund, focused on European leveraged buyouts
*H.I.G. Bayside Debt and LBO fund II (2008) - $3000 million fund, focused ondistressed securities Trademark Controversy
In
2007 , HgCapital, a European private equity firm launched a trademark infringement lawsuit against H.I.G. Capital after it intensified its efforts in Europe. [James Mawson and Paul Hodkinson. " [http://www.efinancialnews.com/homepage/content/2450948756 HIG and HgCapital spat over name reaches court] ."Dow Jones Financial News , June 16, 2008 ]Facing what it perceived as encroacment in its own market, in March 2008, H.I.G. Capital sent a letter to
H&G Capital Partners demanding that the firm change its name. H&G, which was founded in2007 is named after its two foundersJon Huntsman, Sr. and Bob Gay, formerly ofBain Capital . H.I.G. subsequently sued H&G, hoping to prevent H&G Capital from using the name. [ " [http://216.239.59.104/search?q=cache:QXs9SoCjYa0J:www.buyoutsnews.com/story.asp H.I.G. Battles H&G In Name Dispute] ." Buyouts, April 28, 2008]External links
* [http://www.higcapital.com/ HIG Capital] (company website)
* [http://www.higventures.com/ HIG Ventures] (company website)
* [http://www.brightpointcapital.com/ Brightpoint Capital] (company website)
* [http://www.bayside.com/ Bayside Capital] (company website)
* [http://www.higeurope.com/ HIG Europe] (company website)
* [http://investing.businessweek.com/businessweek/research/stocks/private/snapshot.asp?privcapId=20947 H.I.G. Capital Profile] ] (BusinessWeek )References
* " [http://query.nytimes.com/gst/fullpage.html?res=9C06EFD6133CF93BA2575AC0A96F958260 HAPPY KIDS, CHILDREN'S WEAR COMPANY, ACCEPTS BID] ."
New York Times , September 18, 1999
* " [http://dealbook.blogs.nytimes.com/2008/05/12/hig-capital-to-finance-shapes-bankruptcy/ H.I.G. Capital to Finance Shapes Bankruptcy] ."New York Times , May 12, 2008
* " [http://www.altassets.com/news/arc/2006/nz9357.php US firm H.I.G. Capital closes fourth buy-out fund on $750m] ." AltAssets, September 19, 2006
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