H.I.G. Capital Appoints Henri Penchas to its Latin America Advisory Board
RIO DE JANEIRO – April 20, 2015 – H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with more than US$ 17 billion of capital under management, is pleased to announce that it has appointed Mr. Henri Penchas to its Latin America Advisory Board. H.I.G., which established a local presence in Brazil in 2012, has been one of the most active private investors in the country. Its 31-member team, operating out of four offices across Brazil, has completed nine transactions to date.
Henri Penchas is a senior executive at Itaúsa, one of the largest conglomerates in Brazil, with whom he has been associated since 1985. He is currently a member of several Boards of Directors, including those of Itaúsa (ITSA4), Itaú Unibanco (ITUB4), the largest bank in Brazil, Duratex (DTEX3) and Elekeiroz (ELEK4).
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Brazil & H.I.G. Latin America, added: “The creation of a regional Advisory Board, which already includes Gustavo Loyola, a former Chairman of the Brazilian Central Bank, is another strong statement of our long-term commitment to Brazil and Latin America. It is with great pleasure that I welcome Mr. Penchas, with whom I have already worked in the past, to our Advisory Board. He is one of the most influential business leaders in Brazil and I am confident he will make a significant contribution to our team and to our success.”
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with more than $17 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:
- 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.
- 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 in 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.
- 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 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.
* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.