Daily News: February 11, 2014

H.I.G. Closes Middle Market LBO Fund II with $1.75B

H.I.G. Capital announced today that it successfully closed H.I.G. Middle Market LBO Fund II at its $1.75 billion cap. The fund will continue H.I.G. Capital’s successful investment strategy of focusing on private equity, buyout and equity-related investments in middle-market companies primarily in the United States.

Sami Mnaymneh and Tony Tamer, co-founders and managing partners of H.I.G. Capital, said, “We value the strong relationships we maintain with our existing investors, which enabled us to raise the fund quickly and resulted in the fund being significantly over-subscribed.”

Brian Schwartz and Rick Rosen, executive managing directors of H.I.G. Capital, said, “With the new fund, we will continue to focus on investing in middle market companies where we see significant opportunities for earnings improvement and value creation. Our team’s extensive operational experience will continue to be a key factor in driving the operational and financial performance of our portfolio companies.”