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M&A Deal Summary

H.I.G. Private Equity Acquires Desktop

On November 24, 2020, private equity firm H.I.G. Private Equity acquired communications company Desktop

Acquisition Highlights
  • This is H.I.G. Private Equity’s 4th transaction in the Communications sector.
  • This is H.I.G. Private Equity’s 15th transaction in Brazil.

M&A Deal Summary
Date 2020-11-24
Target Desktop
Sector Communications
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Desktop

Sumare, Brazil
Desktop offers fiber optic internet and triple-play services (internet, TV, and fixed-line) to more than 185,000 clients across 20 cities in the state of São Paulo. The Company has been growing at a double-digit rate in the last few years and is positioned to serve as the platform for a roll-up strategy in the sector, benefiting from a largely underpenetrated and fragmented market. Desktop was founded in 1999 and is based in Sumare, Brazil.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.

DEAL STATS #
Overall 271 of 378
Sector (Communications) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 85 of 116
Country (Brazil) 15 of 17
Year (2020) 15 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-06 Lionbridge AI

Waltham, Massachusetts, United States

Lionbridge Technologies is a provider of translation, development and testing solutions that enable clients to create, release, manage and maintain their technology applications and Web content globally. Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide. Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle. Lionbridge Technologies was founded in 1996 and is based in Waltham, Massachusetts.

Sell $935M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 KM2 Solutions

Boca Raton, Florida, United States

KM2 Solutions provides high quality, cost-effective solutions spanning customer care, sales and retention, receivables management, and back-office processing for clients in a variety of end markets. The Company’s services are delivered through a nearshore model that spans the Caribbean and Latin America. KM2 Solutions was founded in 2004 and is based in Boca Raton, Florida.

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