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HIG Capital adds West Coast team to focus on larger middle market investments

HIG Capital managing director Fraser Preston (pictured) and principal Brian McMullen have relocated from the firm’s Miami office to San Francisco in order to create a West Coast presence for the HIG Middle Market fund, targeting transactions with enterprise values from USD200m to USD1bn.

 
They will focus on making investments in leading middle market businesses located throughout North America with a particular emphasis on companies in the Western US.
 
HIG Middle Market invests in a wide range of industries with a focus on certain verticals in market sectors where HIG has extensive experience including technology, media and telecom, consumer and retail, business services, education, healthcare and specialty manufacturing. Through recapitalisations and private sales, corporate divestitures, and public-to-private transactions, HIG Middle Market targets businesses with EBITDA typically greater than USD30m.
 
HIG Middle Market is an extension of HIG’s private equity strategy, complementing its lower middle market LBO and growth equity funds.
 
HIG Middle Market works closely with the other HIG private equity funds, but has a dedicated team in Miami, New York and San Francisco to pursue investments in larger middle market opportunities.

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