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H.I.G. Capital Closes Acquisition of HelpSystems

October 13, 2015, 07:42 AM
Filed Under: Mergers & Acquisitions

H.I.G. Capital, LLC, a leading global private equity investment firm with $19 billion of equity capital under management, is pleased to announce that its affiliate, along with Split Rock Partners, has closed the acquisition of HelpSystems, LLC.

Headquartered in Eden Prairie, MN, HelpSystems is a leading provider of system & network management, business intelligence, and security & compliance solutions. With over 9,000 customers across a broad range of industries, HelpSystems is the market leader within system & network management for the IBM-i operating system and is rapidly expanding its presence on the Windows, Linux, and Unix platforms.

Fraser Preston, Managing Director at H.I.G., commented, “We are excited to begin our journey with Chris Heim, Dan Mayleben, and the rest of the HelpSystems team. There is immense opportunity ahead for the Company as it continues to solve important problems and capitalize on the immense growth opportunities in the IT automation, security, and business intelligence markets.”

Chris Heim, HelpSystems’ CEO, said, “HelpSystems and H.I.G. have common philosophies about customer focus, taking care of employees and product innovation. We look forward to partnering with H.I.G. and Split Rock in the next chapter for HelpSystems.”

Evercore acted as lead financial advisor to H.I.G. Credit Suisse was also a financial advisor to H.I.G.

H.I.G.’s Middle Market Fund specializes in providing equity in transactions involving mid-market companies with high-quality, value-added products and services, and attractive growth potential. H.I.G.’s Middle Market Fund aligns itself with committed management teams and will make investments across a wide range of industries and opportunities, from profitable market leaders to underperforming businesses facing unique challenges. We work closely with our management teams and use our in-house operating expertise to help our portfolio companies become industry leaders.

H.I.G. is a leading global private equity and alternative assets investment firm with $19 billion of equity capital under management.

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