H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, a global alternative investment firm with $75 billion of capital under management, arranged a debt package to finance the acquisition of Be-Cloud by QualityHosting, a portfolio company of PSG Equity. The financing package will also provide additional capital to support the combined company’s future growth and M&A strategy.
“Be-Cloud and QualityHosting combine a recurring revenue business model with a leading and differentiated position in the Microsoft ecosystem, as well as a strong track record of growth,” Pascal Meysson, head of H.I.G. WhiteHorse Europe, said. “We believe that with the scale of the newly combined group, it is well positioned to benefit from continued cloud, AI and cybersecurity adoption. H.I.G. is delighted to partner with PSG Equity and management for the next phase of growth.”
