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 and market position, creating significant value for H.I.G. and positioning the company for continued growth under new ownership.

Read Full Article