HIG Capital on a Dealmaking Spree

Marino, Jonathan
April 2010
Mergers & Acquisitions Report;4/12/2010, Vol. 23 Issue 15, p4
The article reports that HIG Capital has exited from its investment in Harvard Drug Group by selling it to Court Square Capital Partners. Harvard Drug Group is a generic pharmaceutical distributor with 500 million U.S. dollars in annual sales. According to Lewis Schoenwetter of HIG Capital, the current earnings before interest, taxes, depreciation and amortization of the firm is in excess of 50 million U.S. dollars. The decision of HIG to divest its generic drug asset was prompted by a new U.S. legislation that hamper growth in the small business sector.


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