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H.I.G. Capital company logo
Private Equity
FINANCE | Investment Firms & Funds
higcapital.com

Investments

112

Portfolio Exits

63

Funds

42

Partners & Customers

5

Service Providers

3

About H.I.G. Capital

H.I.G. Capital is a global private equity and alternative assets investment firm. The firm specializes in providing both debt and equity capital to small and mid-sized companies. Its equity funds invest in management buyouts, recapitalizations, and corporate carve-outs. The company was founded in 1993 and is based in Miami, Florida.

Headquarters Location

1450 Brickell Avenue 31st Floor

Miami, Florida, 33131,

United States

305-379-2322

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CB Insights Intelligence Analysts have mentioned H.I.G. Capital in 1 CB Insights research brief, most recently on Jan 21, 2022.

Latest H.I.G. Capital News

Who’s really buying Hooters?

Jan 26, 2023

January 26, 2011, 11:06 PM UTC Hooters of America yesterday announced that it had agreed to be acquired by Chanticleer Holdings LLC (CCLR), a North Carolina-based business development company. But here’s the thing: I’m told that the beer, boob and wing chain was sold for more than $200 million. Chanticleer, on the other hand, has a market cap south of $7 million. So how exactly does this work? peHUB is reporting that two private equity firms are helping to finance the deal: Miami-based H.I.G. Capital and Connecticut-based KarpReilly. No additional information was reported, but a source says that the H.I.G. piece is being done out of New York by the firm’s Bayside Capital affiliate . I’ve left messages with both Bayside and KarpReilly, but neither has been available yet for comment. What will be particularly interesting to learn is how H.I.G. and KarpReilly got involved on this deal in the first place. Hooters of America went on the block nearly a year ago, following the death of CEO Robert Brooks (and a protracted battle over his estate). The process was complicated by the fact that another company also has certain rights to the Hooters brand (the Hooters hotel in Las Vegas, for example, is not part of Hooters of America), but private equity firm Wellspring Capital Partners came to an agreement late last year to buy the company for an undisclosed amount. It even had lined up leveraged debt financing. Chanticleer, however, managed to trump Wellspring by exercising a right of first refusal originally granted as part of a $5 million loan made to Hooters of America back in 2006. Wellspring must have known about the ROFT, but perhaps didn’t figure that Chanticleer could come up with enough cash (Chanticleer would have been required to match Wellspring’s bid). Wellspring has repeatedly declined comment on the Hooters situation, but reportedly has filed sued the Brooks estate for breach of contract in a Delaware court (the suit is not yet available via Delaware’s online records system). North Point Advisors was financial advisor to Hooters of America on the deal, while McColl Partners advised the Brooks estate. Most Popular

H.I.G. Capital Investments

112 Investments

H.I.G. Capital has made 112 investments. Their latest investment was in ThoughtFocus as part of their Private Equity - II on November 11, 2022.

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H.I.G. Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/2/2022

Private Equity - II

ThoughtFocus

Yes

2

6/22/2022

Private Equity

Load One

Yes

2

6/14/2022

Series F

Invoca

$83M

Yes

7

3/21/2022

Private Equity

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10

1/4/2022

Private Equity

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10

Date

11/2/2022

6/22/2022

6/14/2022

3/21/2022

1/4/2022

Round

Private Equity - II

Private Equity

Series F

Private Equity

Private Equity

Company

ThoughtFocus

Load One

Invoca

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Amount

$83M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

2

7

10

10

H.I.G. Capital Portfolio Exits

63 Portfolio Exits

H.I.G. Capital has 63 portfolio exits. Their latest portfolio exit was Medusind Solutions on January 12, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/12/2023

Acq - Fin - II

$99M

2

11/1/2022

Acq - Fin - II

$99M

12

10/31/2022

Acq - Fin - II

$99M

17

7/22/2022

Acquired

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$99M

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10

5/12/2022

Acq - Fin - II

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$99M

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10

Date

1/12/2023

11/1/2022

10/31/2022

7/22/2022

5/12/2022

Exit

Acq - Fin - II

Acq - Fin - II

Acq - Fin - II

Acquired

Acq - Fin - II

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

12

17

10

10

H.I.G. Capital Acquisitions

184 Acquisitions

H.I.G. Capital acquired 184 companies. Their latest acquisition was Classic Lifts on January 10, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/10/2023

$99M

Acq - Fin

1

1/6/2023

$99M

Acquired

4

12/13/2022

Debt

$99M

$42.5M

Acq - Fin

1

11/15/2022

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$99M

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10

10/13/2022

Other Venture Capital

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$99M

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10

Date

1/10/2023

1/6/2023

12/13/2022

11/15/2022

10/13/2022

Investment Stage

Debt

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$42.5M

Note

Acq - Fin

Acquired

Acq - Fin

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Sources

1

4

1

10

10

H.I.G. Capital Fund History

42 Fund Histories

H.I.G. Capital has 42 funds, including H.I.G. Realty Partners IV (Onshore).

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/1/2022

H.I.G. Realty Partners IV (Onshore)

$838M

3

9/8/2021

H.I.G. Europe Middle Market LBO Fund LP

$2,363.62M

3

7/19/2021

H.I.G. WhiteHorse Direct Lending Fund

$1,650M

1

3/8/2021

H.I.G. Bayside Loan Opportunity Fund VI

$99M

10

11/24/2020

H.I.G. Europe Capital Partners III

$99M

10

Closing Date

3/1/2022

9/8/2021

7/19/2021

3/8/2021

11/24/2020

Fund

H.I.G. Realty Partners IV (Onshore)

H.I.G. Europe Middle Market LBO Fund LP

H.I.G. WhiteHorse Direct Lending Fund

H.I.G. Bayside Loan Opportunity Fund VI

H.I.G. Europe Capital Partners III

Fund Type

Status

Amount

$838M

$2,363.62M

$1,650M

$99M

$99M

Sources

3

3

1

10

10

H.I.G. Capital Partners & Customers

5 Partners and customers

H.I.G. Capital has 5 strategic partners and customers. H.I.G. Capital recently partnered with Covestro on June 6, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

6/17/2019

Partner

Germany

Covestro continues portfolio optimization: Covestro to sell European Systems Houses business to H.I.G. Capital

Covestro has signed an agreement with H.I.G. Capital for the sale of Covestro 's European Systems Houses business .

2

1/28/2019

Partner

Brazil

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10

1/8/2019

Partner

United States

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10

12/1/2017

Partner

United States

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10

3/17/2016

Partner

Brazil

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10

Date

6/17/2019

1/28/2019

1/8/2019

12/1/2017

3/17/2016

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Germany

Brazil

United States

United States

Brazil

News Snippet

Covestro continues portfolio optimization: Covestro to sell European Systems Houses business to H.I.G. Capital

Covestro has signed an agreement with H.I.G. Capital for the sale of Covestro 's European Systems Houses business .

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Sources

2

10

10

10

10

H.I.G. Capital Service Providers

19 Service Providers

H.I.G. Capital has 19 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Akerman

Acq - Fin

Counsel

General Counsel

Private Equity

Investment Bank

Financial Advisor

Private Equity

Investment Bank

Financial Advisor

Service Provider

Akerman

Associated Rounds

Acq - Fin

Private Equity

Private Equity

Provider Type

Counsel

Investment Bank

Investment Bank

Service Type

General Counsel

Financial Advisor

Financial Advisor

Partnership data by VentureSource

H.I.G. Capital Team

49 Team Members

H.I.G. Capital has 49 team members, including current Founder, Chief Executive Officer, Sami W. Mnaymneh.

Name

Work History

Title

Status

Sami W. Mnaymneh

Morgan Stanley & Co.

Founder, Chief Executive Officer

Current

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Name

Sami W. Mnaymneh

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Work History

Morgan Stanley & Co.

Title

Founder, Chief Executive Officer

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Status

Current

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