Investment Summary

H.I.G. Private Equity Invests In Worksuite

On August 14, 2023, private equity firm H.I.G. Private Equity invested in software company Worksuite

Investment Highlights
  • This is H.I.G. Private Equity’s 12th transaction in the Software sector.
  • This is H.I.G. Private Equity’s 226th transaction in the United States.
  • This is H.I.G. Private Equity’s 28th transaction in California.

Investment Summary
Date 2023-08-14
Target Worksuite
Sector Software
Investor(s) H.I.G. Private Equity
Deal Type Growth Capital

Target

Worksuite

San Francisco, California, United States
Worksuite is a smart, user-friendly Freelancer Management System (FMS). Worksuite makes it easy for small and large companies to onboard, manage and pay external workers in over 200 countries with just a few clicks. Take care of compliance, reporting, and project management in a fraction of the time. Worksuite is a complete solution providing powerful features and flexibility for every stage of business growth. Worksuite was founded in 2015 and is based in San Francisco, California.

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Investor(S) 1

Investor

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 342 of 370
Sector (Software) 12 of 12
Type (Growth Capital) 66 of 67
State (California) 28 of 29
Country (United States) 226 of 246
Year (2023) 11 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 RBmedia

Landover, Maryland, United States

RBmedia is a provider in spoken audio content and digital media distribution technology that reaches millions of consumers – at home, in the car, and wherever their mobile devices take them. RBmedia produces exclusive titles and delivers the finest digital content and information – including audiobooks, educational courses, entertainment titles, and much more. RBmedia is based in Landover, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-22 Ascent Global Logistics

Belleville, Michigan, United States

Ascent Global Logistics is a transportation and supply chain solutions provider. Ascent Global Logistics is based in Belleville, Michigan.

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