H.I.G. Capital Performance Metrics Reflect Disciplined Middle Market Investment Approach
Investment performance across H.I.G. Capital’s diversified platform demonstrates the firm’s ability to generate returns through operational value creation and disciplined capital deployment across market cycles. With over 400 portfolio companies since 1993, the Miami-based investment manager has built a track record spanning multiple economic environments while maintaining focus on middle market opportunities.
The firm’s current portfolio includes more than 100 companies generating combined sales exceeding $53 billion across industries including healthcare, technology, manufacturing, and business services. This scale reflects H.I.G. Capital’s consistent investment activity and portfolio company development capabilities over three decades.
Recent exit activity illustrates the firm’s value creation approach across diverse sectors. The sale of EYSA Group, a Spanish smart mobility solutions provider, to Tikehau Investment Management resulted in more than doubling the company’s EBITDA during H.I.G.’s ownership period. The infrastructure investment showcased the firm’s ability to transform regional operators into global platforms.
“The EYSA team has done an outstanding job transforming the Company from a single-market operator to a global platform and leader in the sustainable mobility solutions space,” said Andrew Liau, Head of Europe Infrastructure at H.I.G. “The Company is well-positioned to take advantage of future growth opportunities.”
Portfolio Company Development and Operational Excellence
H.I.G.’s investment approach emphasizes partnership with management teams and hands-on operational involvement that drives organic growth and market expansion. The firm’s value creation model relies on operational expertise across functional areas including technology, finance, marketing, and business development.
Iron Bow Technologies exemplifies H.I.G.’s operational development approach through the transformation and eventual sale of its telehealth division SoldierPoint Digital Health. The division evolved from a hardware-based program into a services-led platform while more than doubling earnings under H.I.G.’s ownership.
“Working alongside the Iron Bow team, we’ve facilitated investments to expand SoldierPoint’s role in delivering mission-critical, digital health and telemedicine services,” said Jeff Zanarini, Managing Director at H.I.G. “SoldierPoint’s successful evolution reflects disciplined execution and the ability to scale with purpose.”
The GLD Shop’s development under H.I.G. Growth Partners demonstrates the firm’s capability in consumer brand building. Revenue growth exceeded 130% over four years while achieving substantial profitability levels, leading to the company’s sale to MarcyPen Capital Partners with H.I.G. retaining a minority stake.
“GLD’s evolution from a digital disruptor to category leader has been part of our aligned vision with Christian and the senior management team since our initial investment,” said Evan Karp, Managing Director at H.I.G. Growth.
Sector Diversification and Risk Management
H.I.G.’s diversified investment platform spans multiple sectors and geographies, providing portfolio exposure across various economic conditions and market cycles. The firm’s seven investment strategies include private equity, growth equity, real estate, direct lending, infrastructure, and debt investments targeting middle market opportunities.
Healthcare investments demonstrate H.I.G.’s sector expertise through companies like Soleo Health, which was sold to Court Square Capital and WindRose Health Investors after H.I.G. supported significant expansion initiatives. The diversified infusion platform grew from a regional player into a national specialty care provider serving over 2.7 million patients.
“Drew and the Soleo management team have done an outstanding job transforming Soleo from a regional infusion player into a national specialty care provider,” said Scott Zhu, Managing Director at H.I.G.
Manufacturing investments showcase H.I.G.’s ability to support traditional industries through modernization and expansion. The firm’s acquisition of German machine tool manufacturer HELLER Group provides exposure to precision manufacturing markets across aerospace, automotive, and energy sectors.
Technology investments span enterprise software, cloud services, and digital transformation companies that benefit from secular growth trends. The merger of Converge Technology Solutions and Mainline Information Systems created Pellera Technologies, a technology platform generating approximately $4 billion in annual revenue.
Global Platform and Market Access
H.I.G.’s international presence across 19 offices enables deal origination and portfolio company support across diverse markets and regulatory environments. The firm’s global platform provides access to cross-border investment opportunities while leveraging local market expertise and relationships.
European investments have accelerated across infrastructure, real estate, and private equity strategies. H.I.G. Infrastructure’s acquisition of Fluo Group in Finland demonstrates the firm’s ability to identify regional market leaders with expansion potential across Nordic markets.
Real estate investments target specialized property types including life sciences facilities, logistics assets, and residential development. H.I.G. Realty’s acquisitions in Cambridge, UK, and French metropolitan areas position the firm to benefit from supply-constrained markets with growth potential.
The firm’s Latin American operations provide access to emerging market opportunities while leveraging relationships built over multiple investment cycles. H.I.G.’s presence in Bogotá, Rio de Janeiro, and São Paulo enables identification of companies positioned to benefit from regional economic development.
Capital Deployment and Fund Performance
H.I.G. manages $70 billion in capital across multiple fund strategies, enabling simultaneous investment activity across sectors and geographies. The firm’s scale provides flexibility in deal structuring and investment timing while maintaining disciplined approach to valuation and risk assessment.
H.I.G. WhiteHorse’s Middle Market Lending Fund IV closed with $5.9 billion in assets, reflecting continued investor demand for middle market credit strategies. The lending platform has deployed approximately $18 billion across 285 companies while maintaining conservative underwriting standards and attractive risk-adjusted returns.
“We have been disciplined in maintaining our middle market focus and are confident that our unique platform targeting both non-sponsor and sponsor borrowers will continue to set us apart,” said Sami Mnaymneh and Tony Tamer, H.I.G. Co-Founders and Co-Executive Chairmen.
The firm’s growth equity investments target companies with established business models and expansion opportunities through market development, product enhancement, or geographic expansion. H.I.G. Growth’s track record includes successful investments across consumer, technology, and healthcare sectors.
Market Positioning and Competitive Differentiation
H.I.G.’s middle market focus provides competitive advantages in deal origination, due diligence, and value creation compared to larger buyout firms targeting mega-cap transactions. The firm’s operational approach and relationship-based investment philosophy resonate with management teams seeking partnership rather than financial engineering.
Recent team additions strengthen H.I.G.’s capabilities across investment strategies. The firm added Harrison B. Davis as Managing Director to its Small-Cap & Growth team and recruited experienced professionals from Morgan Stanley to launch its GP Solutions Platform targeting secondaries transactions.
“Harrison’s deep perspective and operational expertise, coupled with his investment acumen in the small-cap sector, will further strengthen our platform,” said Camilo E. Horvilleur, Co-Head of the H.I.G. SCG Fund.
The secondaries platform launch positions H.I.G. to capitalize on growing demand for GP-led transactions and liquidity solutions. The market for continuation vehicles and secondary buyouts has expanded as sponsors seek alternative exit strategies amid constrained traditional M&A and IPO markets.
Investment Outlook and Strategic Priorities
H.I.G.’s investment strategy continues emphasizing operational value creation and partnership with management teams across diverse sectors and geographies. The firm’s track record and platform capabilities position it to capitalize on middle market opportunities across economic cycles.
Technology-enabled business services, healthcare solutions, and specialized manufacturing represent priority sectors where H.I.G. sees continued investment opportunities. The firm’s sector expertise and operational resources provide competitive advantages in identifying and developing market-leading companies.
Current market conditions favor H.I.G.’s disciplined investment approach and operational focus. The firm’s emphasis on cash flow generation, market positioning, and operational excellence provides defensive characteristics while enabling growth through strategic initiatives and market expansion.
Future performance likely will reflect H.I.G.’s ability to maintain investment discipline while adapting to evolving market conditions and opportunities. The firm’s diversified platform and global presence provide flexibility in capital deployment across sectors, strategies, and geographies that support consistent value creation across market cycles.