H.I.G. Capital News
Fernando Marques Oliveira
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H.I.G. Capital Invests in Grupo Meridional
RIO DE JANEIRO – June 8, 2018 – H.I.G. Capital, LLC ("H.I.G."), a leading global private equity investment firm with over $25 billion of equity capital under management, is pleased to announce it has completed a strategic investment in Grupo Meridional (“Meridional” or the “Company”), one of the leading hospital groups in Brazil.
Headquartered in Cariacica and with five hospitals in the State of Espírito Santo, Meridional is the fifth largest private hospital group in the country and the leading private hospital in the state of Espirito Santo. With a total of over 400 hospital beds and established international accreditation, Meridional provides a wide range of advanced healthcare treatments in the metropolitan region of Vitória and in São Mateus, in the Northern part of the state.
Fernando Marques Oliveira, Managing Director and head of Brazil and Latin America, said: “We are very pleased to partner with Meridional. The Company’s management and founding shareholders have done a terrific job in building one of the leading hospitals group in Brazil, and H.I.G. will now support Meridional in taking the company to the next level by expanding its services both organically and inorganically. We believe the Company will continue to benefit from the positive trends in the resilient healthcare sector in Brazil.”
“It was very important for us to find the right partner to support Meridional’s ambitious expansion plans. H.I.G.’s global platform, extensive experience in healthcare, strong presence in Brazil and the collaborative nature of its investment team stood out from the beginning, and we are thrilled to have them as a partner to accelerate the Company’s growth," said Antonio Benjamim, founding shareholder and CEO of Meridional.
About Grupo Meridional
Founded in 2001 and headquartered in Cariacica, Grupo Meridional operates five hospitals in the state of Espírito Santo, providing urgent care and advanced treatments to patients. The Company has more than 400 beds in operation and over 1,500 employees. For more information visit http://www.hospitalmeridional.com.br.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $25 billion of equity capital under management*. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo, Bogotá and Mexico City, 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.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
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 managed by H.I.G. Capital and affiliates.