H.I.G. Capital Closes H.I.G. Europe Capital Partners III at €1.1 Billion

H.I.G. Capital (“H.I.G.”), a leading global alternative asset management firm with $42 billion of equity capital under management, is pleased to announce the closing of its third European Lower Middle Market Fund, H.I.G. Europe Capital Partners III (the “Fund”).

The Fund closed with aggregate capital commitments of €1.1 billion, exceeding its target. The Fund will continue the successful strategy of its two predecessor funds, by making private equity investments in lower middle market companies, primarily in Western Europe.

Sami Mnaymneh and Tony Tamer, H.I.G. Co-Founders and Co-CEOs, commented: “We are delighted with the continued support from our limited partner base, which reflects their confidence in the capability of our European team and our differentiated investment approach.”

Wolfgang Biedermann, Head of H.I.G. Europe Buyouts, added: “The team is excited to build upon H.I.G.’s successful European lower middle market strategy. The current economic environment in Europe leaves us well-positioned to target control investments in complex situations and/or undermanaged lower middle market companies.

We are confident that our experienced team, with its established local presence, will successfully navigate this period of uncertainty and deliver value for our investors.”

Jordan Peer, Managing Director and Global Head of H.I.G. Capital Formation, added: “The Fund received tremendous support from our global investor base, allowing us to complete an entirely virtual fundraising process within a short time frame.

The Fund is comprised of a diverse group of leading investors including foundations, endowments, public and corporate pensions, consultants, sovereign wealth funds, and family offices in North America, Europe, Asia and the Middle East.”

Source: Business Wire