H.I.G. Capital Demonstrates Strong Deal Flow with Five Major Transactions in November

H.I.G. Capital, the global alternative investment firm with $65 billion in capital under management, has maintained an aggressive deal pace through November 2024, completing five significant transactions across diverse sectors and geographies.

H.I.G. Capital Partners with Thoma Bravo in Landmark IT Education Deal

The Miami-based firm’s most notable move came through a partnership with Thoma Bravo to acquire CompTIA’s brand and IT certification business. The deal, announced on November 4, will transform the world’s leading IT certification body from a non-profit into a for-profit entity while preserving its existing membership-based 501(c)(6) organization. CompTIA’s influence in the technology sector is substantial, having awarded over 3.5 million globally recognized certifications across its $5 trillion global IT ecosystem. The transaction is expected to close in early 2025, subject to regulatory approval.

H.I.G. Capital Expands Healthcare and Technology Portfolio

In the technology and healthcare sector, H.I.G. Growth Partners completed a significant growth equity investment in Carebox, a clinical trial matching platform over two million physicians and patients have already accessed. The platform uses PhD-supervised AI to index patients’ clinical trial eligibility and match them with relevant studies based on their conditions and profiles. This investment reflects H.I.G.’s commitment to advancing healthcare technology solutions that address critical patient needs.

Global Expansion Continues as H.I.G. Capital Enters New Markets

The firm demonstrated its commitment to sustainable agriculture through its first investment in Latin America’s agricultural sector. H.I.G. acquired a majority stake in Life Agro, a Brazilian specialty agricultural inputs company that has achieved a remarkable 45% CAGR over the past five years. The deal aligns with H.I.G.’s growing focus on sustainable businesses, as Life Agro specializes in eco-friendly alternatives to traditional chemical solutions in crop protection.

In the UK, H.I.G. Bayside Capital Europe provided a £31 million financing package to Oliver James, an international recruitment and talent solutions specialist. The bespoke financing solution includes undrawn facilities to support future growth for the company, which reported a global turnover of £351 million in 2023. This transaction highlights H.I.G.’s continued commitment to supporting growing businesses in the European market.

H.I.G. Capital’s Real Estate Strategy Shows Strong Returns

Rounding out the month’s activities, H.I.G. Realty Partners successfully exited its Huntsville Industrial investment, a 660,000 SF warehouse facility strategically located near the Huntsville International Airport. The exit followed a successful value-add strategy that included securing a long-term lease with a leading aerospace manufacturer and resulted in a 20% NOI lift. The transaction demonstrates the firm’s ability to identify and improve undervalued assets in strategic locations.

These diverse transactions showcase H.I.G.’s comprehensive investment approach across growth equity, special situations, real estate, and traditional private equity. The firm’s ability to execute complex deals across multiple sectors and geographies underscores its position as a leading global alternative investment firm while highlighting its expanding footprint in key markets, including the United States, the United Kingdom, and Brazil. As 2024 draws to a close, these November deals suggest H.I.G. Capital continues to find attractive investment opportunities despite challenging market conditions.