HIG Capital has closed HIG European Capital Partners II at EUR825m (USD1.1bn), significantly above its initial target.
The fund will follow the strategy of its predecessor fund, focusing on private equity, buyout and growth capital investments in lower middle-market companies primarily in Western Europe.
Sami Mnaymneh and Tony Tamer, co-founders and managing partners of HIG Capital, say: “We are very pleased to have completed this fundraising in less than three months, and, in particular, that the fund was significantly over-subscribed from existing HIG investors. The new fund will continue our successful strategy of investing in privately-held companies and non-core subsidiaries of larger companies, especially those which present significant opportunities for earnings improvement and value creation.”
HIG Europe’s team is based in four offices in London, Paris, Hamburg and Madrid, and consists of over 50 investment professionals with significant operating and turnaround experience. It has completed 28 European investments since it began investing in 2008.
