M&A Deal Summary

H.I.G. Private Equity Acquires Symplicity

On August 1, 2016, private equity firm H.I.G. Private Equity acquired internet software and services company Symplicity

Acquisition Highlights
  • This is H.I.G. Private Equity’s 3rd transaction in the Internet Software and Services sector.
  • This is H.I.G. Private Equity’s 130th transaction in the United States.
  • This is H.I.G. Private Equity’s 4th transaction in Virginia.

M&A Deal Summary
Date 2016-08-01
Target Symplicity
Sector Internet Software and Services
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Symplicity

Arlington, Virginia, United States
Symplicity sells SaaS-based solutions to over 1,200 institutions that help manage all aspects of a student’s life on campus, including career services, academics, behavioral intervention, and student conduct. More than 400,000 active employers utilize the Company’s on-campus recruiting software to leverage the higher education job network in the U.S. and recruit students and alumni for entry-level jobs. Symplicity was founded in 1997 and is based in Arlington, Virginia.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor 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 LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 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 189 of 367
Sector (Internet Software and Services) 3 of 12
Type (Buyout (LBO, MBO, MBI)) 62 of 110
State (Virginia) 4 of 8
Country (United States) 130 of 244
Year (2016) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-26 Amerijet International

Miami, Florida, United States

Amerijet International. is a provider of air cargo and logistics solutions to and from the U.S. and the Caribbean, Mexico, and Latin America. The Company specializes in shipping time-sensitive, perishable, oversized, hazardous, and highly configured products through both regularly scheduled and chartered flights. Amerijet International was founded in 1974 and is based in Miami, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 CXtec

Syracuse, New York, United States

CXtec is a provider of refurbished networking, and telephony hardware and data center cabling products to a diverse base of blue-chip customers. The Company and its equal2new brand of certified pre-owned equipment have established a market-leading position with deep domain expertise. CXtec’s systems and testing / certification processes ensure that IT procurement professionals are able to maintain and extend the life-cycle of existing IT infrastructure equipment by purchasing reliable refurbished hardware products at significant savings and short lead times. The Company’s growing RapidCare service provides third-party maintenance solutions. CXtec was founded in 1978 and is based in Syracuse, New York.

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