TITLE

HIG Capital on a Dealmaking Spree

AUTHOR(S)
Marino, Jonathan
PUB. DATE
April 2010
SOURCE
Mergers & Acquisitions Report;4/12/2010, Vol. 23 Issue 15, p4
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
49137940

 

Related Articles

  • HIG's Bayside Launches New Vehicle. MacFadyen, Ken // Mergers & Acquisitions Report;5/31/2010, Vol. 23 Issue 22, p10 

    The article reports on the launch of a new vehicle, HIG Bayside Loan Opportunity Fund II, by HIG which has already received a 20 million U.S. dollar commitment from the New Mexico Public Employees Retirement Association.

  • Demise of the deduction? Pocock, John // Farm Industry News;Aug2011, Vol. 44 Issue 7, p42 

    The article reports on a possible demise of tax incentives for buying farm machinery and equipment in the U.S. In 2010, the Small Business Jobs Act and Tax Relief/Job Creation Act were introduced to provide farmers with incentives for their machinery purchases. According to the Association of...

  • Waxman sells consumer products business.  // National Home Center News;11/6/95, Vol. 21 Issue 21, p48 

    Reports on Waxman Industries Inc.'s plan to sell 75 percent of its Consumer Products business to a group consisting of HIG Capital Management and members of the Consumer Products' management team. Terms of the transaction.

  • Fixing Amerijet.  // Air Cargo World;Nov2001, Vol. 91 Issue 11, p17 

    Reports on United States-based Amerijet's filing of a plan to come out of Chapter 11 bankruptcy protection. Cash infusion by investment firm H.I.G. Capital.

  • HIG Backs First Capital. MacFadyen, Ken // Mergers & Acquisitions Report;5/24/2010, Vol. 23 Issue 21, p5 

    The article describes the investment made by HIG Capital in commercial finance company, First Capital, which is worth 139 million U.S. dollars.

  • H.I.G. Capital completes acquisition of InterDent.  // Medical Device Daily;8/9/2012, Vol. 16 Issue 154, p4 

    The article reports on the acquisition of dental practice support organization, InterDent, by an affiliate of H.I.G. Capital LLC.

  • Texas County & District Pension Makes New Commitments. Lewis, Jakema // Investment Management Mandate Pipeline;2/13/2014, p3 

    The article reports the new allocation of the Texas Country and District Retirement System including 45 million U.S. dollars to the H.I.G. Middle Market LBO Fund II from the alternative investment firm H.I.G. Capital, and 10 million U.S. dollars to the hedge fund portfolio of the value-oriented...

  • Engine secures £62.5m for global growth.  // Campaign;10/15/2010, Issue 41, p1 

    The article reports on the 62.5 million pounds investment secured by Engine from the private company HIG Capital, which is pushing its plan to expand globally.

  • H.I.G Capital hires Evans Randall's Simon Laker. Furber, Sophia // EG: Estates Gazette;11/29/2014, Issue 800, p03 

    The article announces that Simon Laker has been named head of European asset management at private equity firm H.I.G Capital.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics