H.I.G. Capital News

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Fernando Marques Oliveira
Managing Director
foliveira@higcapital.com

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Brazil

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www.higcapital.br.com

Eletromidia, an H.I.G. Capital Portfolio Company, Completes Acquisition of DMS and TMAF

RIO DE JANEIRO – December 22, 2015 – H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with $19 billion of equity capital under management, is pleased to announce that its portfolio company Eletromidia S.A. (“Eletromidia” or the “Company”) has completed strategic investments in DMS Publicidade Mídia Interativa Ltda (“DMS”) and TMAF Serviços de Soluções Digitais Ltda (“TMAF”). DMS and TMAF operate out-of-home advertising in the subway systems of Rio de Janeiro and São Paulo, respectively.

These transactions significantly expand the reach and depth of Eletromidia’s advertising network, providing more value to clients and agencies. With over 11 million unique impacts daily in the most important cities, Eletromidia is one of the most relevant players in the out-of-home advertising industry in Brazil.

Fernando Marques Oliveira, Managing Director and Head of H.I.G. Brasil & Latin America, added, “These acquisitions are important steps in Eletromidia’s expansion plans. We are excited to support the management team and future development of the Company.”

About DMS
DMS is among the fastest growing out-of-home companies in Brazil. Founded in 2011, DMS operates and commercialize static and digital media in the subway system of Rio de Janeiro. In addition, DMS is implementing an innovative out-of-home project in the subway system of Salvador.

About TMAF
TMAF is a subsidiary of Grupo Telefónica focusing on DOOH advertising networks in Brazil. TMAF’s current network encompasses the subway system of São Paulo and over 1,500 screens in commercial establishments such as gyms, bars, restaurants and coffee shops across Brazil.

About Eletromidia
Eletromidia offers innovative advertising solutions through a network of static and digital panels in high traffic indoor and outdoor locations. Present in 18 cities across Brazil, the Company reaches over 11 million people daily. Eletromidia also develops full-fledge display and lighting solutions for major events. For more information, please refer to the Eletromidia website at www.eletromidia.com.br.

About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $19 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, San Francisco and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as on the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. Other H.I.G. funds invest in various real assets, including real estate and shipping.

Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.