H.I.G. Capital closed H.I.G. Middle Market LBO Fund IV. The fund closed with aggregate capital commitments of $5.5 billion in addition to co-investment separately managed accounts of $450 million, significantly exceeding its original target.
Riveron, a national business advisory firm focused on the office of the CFO, private equity and other capital providers, entered into a definitive agreement to be acquired by affiliates of Kohlberg & Company. H.I.G. Capital will continue its partnership with Riveron through a minority investment.
H.I.G. Capital signed an agreement to sell its portfolio company, Valtris Specialty Chemicals, to an affiliate of funds managed by SK Capital Partners.