H.I.G. Capital Acquires a Significant Stake in LG Sistemas, a Leading HR Software Company in Brazil
RIO DE JANEIRO, BRAZIL – August 1st, 2013 – H.I.G. Capital, LLC (“H.I.G.”), a leading global private investment firm, announced today that its Brazilian affiliate has completed a strategic investment in LG Sistemas (“LG Sistemas” or “The Company”), a leading human resources software provider in Brazil.
Founded in 1985, LG Sistemas specializes in human resources software solutions. The Company provides software and services that support the human resource activities of over 400 companies across a variety of industries throughout Brazil. “H.I.G.’s investment will support our growth and strengthen our R&D investment capability by offering strategic and financial resources. LG Sistemas will continue to focus on providing and broadening its portfolio of software solutions and services always driven by quality and innovation,” said Gustavo Teixeira, CEO and a founder of the Company.
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Latin America added, “LG Sistemas has very strong market positioning backed by the quality of its management and development team. We are delighted to be partnering with LG Sistemas and we’re committed to supporting the Company’s mission of improving the performance of its clients’ human resources capabilities.”
About LG Sistemas
LG Sistemas offers a comprehensive human resources software suite that meets several corporate demands. Based in Goiania (Goiás), the company has branches in several Brazilian states, such as Minas Gerais, Paraná, Pernambuco, Rio de Janeiro and São Paulo and counts with over 350 employees. For more information, please refer to the LG Sistemas website at www.lg.com.br.
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $13 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Paris, and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding in 1993, H.I.G. invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 80 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.hig.com.