Alight, Inc. (NYSE: ALIT), renowned for its cloud-based human capital technology, announced the completion of its strategic divestiture of the Professional Services and Payroll & HCM Outsourcing businesses within the Employer Solutions segment. The transaction, which concluded with an affiliate of H.I.G. Capital, is valued up to $1.2 billion. It comprises $1 billion in upfront […]
In a significant move within the medical device industry, H.I.G. Capital, a leading global alternative investment firm boasting $60 billion in capital under management, has announced the completion of its acquisition of ZimVie, Inc’s (NYSE: ZIMV) Spine division. The division will now operate independently under the new name, Highridge Medical, and is poised to become […]
H.I.G. Capital, a prominent global alternative investment firm boasting $60 billion in capital under management, has declared a definitive agreement to carve out the Thermal Commercial Vehicles division from Valeo. The division, henceforth known as “Spheros,” is positioned for closure within the year, pending customary regulatory approvals. Based in Germany, Spheros stands as the forefront […]
H.I.G. Capital, a leading global alternative investment firm with $60 billion in capital management, has recently confirmed its agreement to sell ICG Group to SPIE Group. This transaction marks a significant milestone in the European digital infrastructure sector, showcasing the growing importance of integrated services in energy and communications. With ICG’s management set to continue […]
H.I.G. Capital, a preeminent global alternative investment firm with a robust portfolio including Formerra, LLC, has made a significant move in the engineered materials market with the acquisition of Mexico City-based Suministro de Especialidades. The deal sees Formerra expanding its footprint in the engineered thermoplastic resins and specialty polymers distribution within Mexico, also marking its […]
Global investment firms Francisco Partners and H.I.G. Capital have teamed up to acquire RBmedia, one of the major audiobook publishers in the world. The acquisition was completed from previous owner KKR, positioning the new ownership to further expand RBmedia’s robust catalog and global distribution network. Key Financials and Advisors in the Acquisition Morgan Stanley & […]
H.I.G. Capital, a leading global alternative investment firm with $58 billion in capital under management, has announced the sale of a portion of its stake in Eletromidia, Brazil’s top out-of-home (OOH) media company, to Grupo Globo, Latin America’s prominent media conglomerate. Despite this sale, H.I.G. Capital will continue to be the largest shareholder in Eletromidia, […]
H.I.G. Capital, a global alternative investment firm with $57 billion of capital under management, has announced the sale of its portfolio company, Riveron, to affiliates of Kohlberg & Company. Retaining a minority investment, H.I.G. Capital will sustain its collaboration with Riveron. The specific terms of the transaction remain undisclosed. Riveron, founded in 2006, provides comprehensive […]
Global alternative investment firm H.I.G. Capital announced that its portfolio company, Grupo Ransa, has completed a merger with Transportes Centroamericanos del Futuro (TCF). Ransa, a leading third-party logistics player in Latin America, operates in eight countries across 35 cities. Transportes Centroamericanos del Futuro, on the other hand, is a premier provider of land freight transportation, […]
Health Network One, a portfolio company of H.I.G. Capital, has acquired US-based managed eye care provider Premier Eye Care for an undisclosed price. Established in 1993, Premier Eye Care is a specialty benefit manager for optometry as well as ophthalmology. It works with health plans to streamline care across optometry and ophthalmology benefits to help […]