H.I.G. Capital

ZimVie Announces Closing of Sale of Spine Business

Retrieved on: 
Monday, April 1, 2024
GAAP, Partnership, Dental, Patient, H.I.G. Capital, PALM, Sale, BEACH

PALM BEACH GARDENS, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- ZimVie Inc. (Nasdaq: ZIMV), a global life sciences leader in the dental market, today announced that it has closed the previously communicated sale of its Spine business to an affiliate of H.I.G.

Key Points: 
  • PALM BEACH GARDENS, Fla., April 01, 2024 (GLOBE NEWSWIRE) -- ZimVie Inc. (Nasdaq: ZIMV), a global life sciences leader in the dental market, today announced that it has closed the previously communicated sale of its Spine business to an affiliate of H.I.G.
  • Capital for $375 million in total consideration, including $315 million in cash and a $60 million promissory note.
  • “The completion of the sale of our Spine business is the culmination of months of partnership with H.I.G.
  • Capital and years of commitment from our global Spine team members; I would like to thank everyone for their immense contributions,” said Vafa Jamali, President and Chief Executive Officer.

H.I.G. Capital Completes Acquisition of Segers 

Retrieved on: 
Tuesday, April 9, 2024
Aerospace, Manufacturing, Professional Services, Other Transport, Transport, Other Manufacturing, Asset Management, Military, Defense, Engineering, Finance, Growth, Segers, MRO, Honeywell, Acquisition, H.I.G. Capital, Fairhope, Alabama, OEM, Investment, C-130, Safety, Aircraft

"), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Segers Aero Corporation (“Segers” or the “Company”).

Key Points: 
  • "), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Segers Aero Corporation (“Segers” or the “Company”).
  • Segers provides essential maintenance, repair, and overhaul (“MRO”) services on mission-critical military platforms.
  • Segers, headquartered in Fairhope, AL, was founded in 1976 and is led by a team of industry veterans with deep MRO experience.
  • Given our reputation for safety and providing the highest quality services, our customers are increasingly turning to Segers to meet their needs.

H.I.G. Capital Acquires the Spine Business of ZimVie Rebranded as Highridge Medical

Retrieved on: 
Monday, April 1, 2024
Banking, Software, General Health, Professional Services, Hardware, Technology, Medical Devices, Other Manufacturing, Health Technology, Finance, Other Technology, Health, Manufacturing, Culture, Boston Scientific, Growth, EVP, Partnership, Patient, Acquisition, Medtronic, H.I.G. Capital, Surgeon, Waters Corporation, CO, J&J, Management

Capital (“H.I.G.”), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of the Spine division of ZimVie, Inc (“ZimVie”, NYSE: ZIMV).

Key Points: 
  • Capital (“H.I.G.”), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of the Spine division of ZimVie, Inc (“ZimVie”, NYSE: ZIMV).
  • The acquired business will operate as an independent entity and has been renamed Highridge Medical (“Highridge” or the “Company”).
  • Glen Kashuba will join Highridge as the Chief Executive Officer and Rebecca Whitney will continue as President of Highridge.
  • medical device investments include Augmedics, Vertiflex (acquired by Boston Scientific), Neuwave Medical (acquired by J&J), and Intact Vascular (acquired by Philips).

H.I.G. WhiteHorse Europe Supports Fremman Capital’s Acquisition of Connexta

Retrieved on: 
Wednesday, March 27, 2024
Technology, Mobile, Wireless, Nanotechnology, Audio, Video, Finance, Banking, Professional Services, Software, Networks, Internet, Hardware, Electronic Design Automation, Data Management, Consumer Electronics, Partnership, SME, H.I.G. Capital, European, Acquisition

WhiteHorse Europe, a credit affiliate of global investment firm H.I.G.

Key Points: 
  • WhiteHorse Europe, a credit affiliate of global investment firm H.I.G.
  • is pleased to announce that it has arranged a financing package for Germany-headquartered Connexta GmbH (“Connexta” or the “Company”), backing its acquisition by Fremman Capital (“Fremman”), a pan-European, mid-market investment firm.
  • WhiteHorse Europe has arranged a €90 million financing package, which will be used to finance the acquisition and provide additional capital to support the Company’s expansion, particularly through an active buy-and-build strategy.
  • WhiteHorse Europe, said: “We are delighted to partner with Fremman Capital and to contribute to the future success of the Company through a tailor-made and flexible financing solution.

H.I.G. WhiteHorse Europe Finances Stordata

Retrieved on: 
Tuesday, March 26, 2024
Software, Banking, Mobile, Wireless, Professional Services, Hardware, Electronic Design Automation, Data Management, Technology, Security, Nanotechnology, Finance, Other Technology, Partner, Growth, Entrepreneurship, Environment, Partnership, Acquisition, H.I.G. Capital, Architecture, Data management

WhiteHorse Europe, a credit affiliate of global investment firm H.I.G.

Key Points: 
  • WhiteHorse Europe, a credit affiliate of global investment firm H.I.G.
  • WhiteHorse Europe, through some of its affiliates, acted as the sole arranger, while Caisse d’Epargne et de Prévoyance Hauts de France participated in the financing alongside H.I.G.
  • WhiteHorse Europe, said: “Stordata has embarked on a remarkable growth journey in recent years, leveraging its expertise in security and data management, further reinforcing its position in the French digital transformation sector.
  • WhiteHorse Europe, said: “We are delighted to support Stordata and Elyan.

Alight Announces Agreement to Sell Payroll and Professional Services Business for up to $1.2 Billion

Retrieved on: 
Wednesday, March 20, 2024
Data Management, Banking, Personal Finance, Technology, Professional Services, Payments, Research, Software, Science, Human Resources, Finance, Cloud, Automation, Interest, Growth, Partnership, Payroll, Webcast, Artificial intelligence, Simpson Thacher & Bartlett, Sale, SAP, Acquisition, LLP, H.I.G. Capital, Guggenheim Partners, Professional services, Investment, HCM, Kirkland & Ellis

Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced that it has signed a definitive agreement to sell its Professional Services segment and its Payroll & HCM Outsourcing businesses within the Employer Solutions segment (the “Payroll & Professional Services business”) to an affiliate of H.I.G.

Key Points: 
  • Alight, Inc. (NYSE: ALIT), a leading cloud-based human capital technology and services provider, today announced that it has signed a definitive agreement to sell its Professional Services segment and its Payroll & HCM Outsourcing businesses within the Employer Solutions segment (the “Payroll & Professional Services business”) to an affiliate of H.I.G.
  • This values the Payroll & Professional Services business at a multiple of approximately 10 times its estimated 2023 adjusted EBITDA and 24 times its estimated unlevered free cash flow.
  • Following the transaction, Alight and the Payroll & Professional Services business will establish a commercial partnership to bolster their collective competitiveness, coupling world-class service capabilities with a compelling value proposition for clients.
  • “We are thrilled to partner with Luca and the entire Payroll & Professional Services team,” commented Matt Lozow, Managing Director at H.I.G.

H.I.G. Capital Signs Definitive Agreement to Acquire Alight’s Payroll and Professional Services Business

Retrieved on: 
Wednesday, March 20, 2024
Software, Banking, Networks, Accounting, Internet, Professional Services, Hardware, Technology, Other Professional Services, Human Resources, Finance, Other Technology, HR, Growth, Partnership, Payroll, Simpson Thacher & Bartlett, LLP, SAP, H.I.G. Capital, Guggenheim Partners, Investment, Kirkland & Ellis, Alight

Capital (“H.I.G.”), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire the Payroll and Professional Services Business (“Payroll & Professional Services” or the “Company”) of Alight, Inc. (“Alight”, NYSE: ALIT) for up to $1.2 billion.

Key Points: 
  • Capital (“H.I.G.”), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to acquire the Payroll and Professional Services Business (“Payroll & Professional Services” or the “Company”) of Alight, Inc. (“Alight”, NYSE: ALIT) for up to $1.2 billion.
  • The Payroll and Professional Services Business is a leading global provider of technology-enabled payroll, human capital management, and professional services.
  • The Company provides a full suite of end-to-end technology and services, including U.S. and multi-country global payroll, HR administration & outsourced services, cloud technology advisory and deployment & application managed services.
  • “We are thrilled to partner with Luca and the entire Payroll & Professional Services team,” commented Matt Lozow, Managing Director at H.I.G.

H.I.G. Capital Signs Definitive Agreement to Acquire the Thermal Commercial Vehicles Division from Valeo

Retrieved on: 
Thursday, March 14, 2024
Banking, Professional Services, Public Transport, Technology, Other Manufacturing, Other Transport, Engineering, Automotive Manufacturing, Transport, Finance, Other Technology, Manufacturing, Euronext Paris, Growth, H.I.G. Capital, PAR, Ticker

H.I.G.

Key Points: 
  • H.I.G.
  • Capital (“H.I.G.”), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that one of its affiliates has signed a definitive agreement to carve out the Thermal Commercial Vehicles division (the “Company”) from Valeo (Ticker: FR: PAR on the Paris Stock Exchange).
  • The transaction is expected to close this year and is subject to customary regulatory approvals.
  • Europe Middle Market Private Equity team, said: “We are delighted to have the opportunity to acquire Spheros.

H.I.G. Capital Announces Sale of ICG Group to SPIE Group

Retrieved on: 
Monday, March 11, 2024
Other Professional Services, Data Management, Satellite, Manufacturing, Technology, Carriers and Services, Finance, Banking, Professional Services, Other Technology, Telecommunications, Networks, Internet, Mobile, Wireless, Engineering, ICG, SPIE, DPE, Partnership, Artificial intelligence, Actua Corporation, Fiber to the x, H.I.G. Capital, Investment, Ticker, TripleA

Capital (“H.I.G.“), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that it has signed a definitive agreement to sell its German portfolio company ICG Group (the “company” or “ICG”) to SPIE Group, a European leader in multi-technical services in the areas of energy and communications, listed on the Paris stock exchange (Ticker: SPIE).

Key Points: 
  • Capital (“H.I.G.“), a leading global alternative investment firm with $60 billion of capital under management, is pleased to announce that it has signed a definitive agreement to sell its German portfolio company ICG Group (the “company” or “ICG”) to SPIE Group, a European leader in multi-technical services in the areas of energy and communications, listed on the Paris stock exchange (Ticker: SPIE).
  • ICG Group was initially launched in 2021, with H.I.G.’s platform investment in Infratech, which builds complex FTTx networks on behalf of public and private German network operators.
  • We have established ICG Group as the leading enabler of next-generation infrastructures and turnkey network solutions in Germany and beyond.
  • We are looking forward to continue ICG’s success story as part of SPIE Group."

Ascent Global Logistics Announces Key Additions to Its Executive Leadership Team

Retrieved on: 
Tuesday, April 2, 2024
CIO, Madison Dearborn Partners, Partner, Growth, LTL, United, General counsel, Sale, Business development, Acquisition, Head, Mercury, H.I.G. Capital, Lineage Logistics, Investment, Werner Enterprises, UPS, USA Jet Airlines, Corporate development, Republic Services, Barclays, Management

BELLEVILLE, Mich., April 2, 2024 /PRNewswire/ -- Ascent Global Logistics ("Ascent"), a leading provider of technology-enabled, expedited logistics and supply chain solution services, is pleased to announce a newly appointed executive leadership team.

Key Points: 
  • BELLEVILLE, Mich., April 2, 2024 /PRNewswire/ -- Ascent Global Logistics ("Ascent"), a leading provider of technology-enabled, expedited logistics and supply chain solution services, is pleased to announce a newly appointed executive leadership team.
  • With a proven track record of strategic leadership roles across renowned companies, including UPS, Mercury Air Cargo, Towne Air Freight, MNX Global Logistics and Global Critical Logistics, Martins brings more than 30 years of industry expertise to Ascent.
  • "We are thrilled to introduce our newly assembled leadership team, comprised of industry veterans and forward-thinking strategists," said Paul J. Martins, CEO of Ascent Global Logistics.
  • Ascent looks forward to the exciting journey ahead as it embarks on this new chapter under the guidance of its dynamic executive leadership team.