HIG Capital Closes $1.1B Private Equity Euro Fund

Law360, Los Angeles (July 02, 2013, 4:40 PM ET) -- H.I.G. Capital LLC has closed a private equity fund focusing on lower middle-market companies primarily in Western Europe at €825 million ($1.08 billion) in under three months, the Miami-based private equity outfit announced Tuesday.

The company expected H.I.G. European Capital Partners II to take in $148.5 million in overall management fees, according to a May filing with the U.S. Securities and Exchange Commission. As of May 8, the total offering amount was $990 million, the filing said.

H.I.G. Capital co-founders and Managing Partners Sami Mnaymneh and...
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