HIG Capital (HIG) has held the closing HIG Brazil & Latin America Partners (the fund), at USD740 million, exceeding its USD600 million target.
The Fund will continue HIG’s successful investment strategy of focusing on private equity, buyout and growth-oriented investments in lower middle-market companies in Latin America, with a focus on Brazil.
Sami Mnaymneh and Tony Tamer, Co-CEOs of HIG, says: “We are delighted with the level of support we have received from our investors for this offering and are grateful for their trust. This new fund builds on HIG’s long-standing track record of being a value-added partner to leading small/mid-cap companies.”
Fernando Marques Oliveira, Managing Director and head of HIG Latin America, says: “The current macro environment creates compelling opportunities to target undermanaged or capital constrained businesses that can benefit from HIG’s expertise and resources. Since 2012, we have closed fourteen transactions in the region, three of which are in the new fund.”
Since establishing a Brazil presence in 2012, HIG has been one of the most active private equity investors in the country in the small/midcap segment. In 2013, HIG was named as the South America Private Equity Firm of the Year (Small/Mid-Market), and one of its transactions, Cel-lep Education, was awarded the South America Small Cap Private Equity Deal of the Year distinction by Global M&A Network.
