H.I.G. Capital Announces Sale of Koozie Group

Whats Happening:

H.I.G. Capital, a global alternative investment firm, has announced the sale of its portfolio company, Koozie Group, to Garyline LLC, a portfolio company of Mill Point Capital. During H.I.G.'s ownership, Koozie Group transformed from a corporate division into a standalone entity, investing in product development, IT, customer experience, and operational capabilities. The company also completed four add-on acquisitions, expanding its market leadership and product offerings.

Key Moves:

• H.I.G. Capital sells Koozie Group to Garyline LLC

• Koozie Group transformed from corporate division to standalone entity under H.I.G.'s ownership

• Company completed four add-on acquisitions, expanding category leadership and product offerings

By The Numbers:

• H.I.G. Capital has $69 billion of capital under management

• Koozie Group's portfolio spans more than 10 product categories

• H.I.G. has invested in and managed more than 400 companies worldwide

Key Quotes:

• "Our partnership with H.I.G. was transformative for us, and we are thankful for their guidance and support as we made significant investments in our platform." - Pierre Montaubin, CEO of Koozie Group

• "We saw an opportunity to take a non-core corporate division and turn it into an industry-leading platform in the promotional products industry." - Camilo E. Horvilleur, Managing Director at H.I.G.

• "Pierre and the entire team did a fantastic job building a leader in the promotional products industry." - Jonathan Fox, Managing Director at H.I.G.

Bottom Line:

H.I.G. Capital's successful sale of Koozie Group demonstrates the fund's ability to transform a corporate division into a standalone industry leader. Through strategic investments and acquisitions, Koozie Group expanded its product offerings, customer base, and operational capabilities, positioning it for continued growth under new ownership.

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