M&A Deal Summary |
|
|---|---|
| Date | 2021-03-26 |
| Target | Hibu |
| Sector | Marketing |
| Buyer(s) | H.I.G. Private Equity |
| Sellers(s) | Hibu Group |
| Deal Type | Divestiture |
| Advisor(s) | Moelis & Co. (Financial) Cravath, Swaine & Moore (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| PE ASSETS | 57.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, 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 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.
| DEAL STATS | # |
|---|---|
| Overall | 283 of 358 |
| Sector (Marketing) | 18 of 18 |
| Type (Divestiture) | 36 of 45 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 187 of 237 |
| Year (2021) | 10 of 35 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-15 |
Infinigate
Rotkreuz, Switzerland Infinigate is a specialized value-added distributor (“VAD”) for cybersecurity and cloud solutions for the SME segment. The core of Infinigate’s business is software distribution acting as a sales multiplicator between vendors and resellers, giving market access to disruptive vendors, and providing value-added services, such as technical support, training, and marketing support to vendors and resellers. Infinigate was founded in 1996 and is based in Rotkreuz, Switzerland. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-30 |
Hotel Ullensvang
Lofthus Hardanger, Norway Hotel Ullensvang is a 170-key upscale waterside resort. An institution in the Norwegian hotel market, the resort is set in stunning landscaped surroundings with views of the fjord and Folgefonna glacier. Hotel Ullensvang is based in Lofthus Hardanger, Norway. |
Buy | - |
Hibu Group provides one-on-one service, expertise, and transparency to help local businesses compete and succeed online. Our unified digital marketing campaigns include digital listings management, website development and management, search engine marketing and optimization, online and mobile display, social campaign creation and management, and directories. Hibu Group was founded in 1996 and is based in Reading, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Marketing) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Iowa) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2021) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-05-16 |
Moonfruit
London, United Kingdom Moonfruit was launched in January 2000 during the dot-com bubble, and was supported entirely by advertisements. When the bubble burst, it became a subscription-based service. |
Buy | $37M |
