H.I.G. Capital

H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $47 billion of equity capital under management, is pleased to announce that an affiliate of H.I.G. Technology Partners (“HTP”) has entered into a definitive agreement to make a strategic investment in Mobileum, Inc. (“Mobileum” or the “Company”) to help the Company accelerate technology investments and growth enabled by the roll-out of 5G technologies and private networks across the world. Following the transaction, H.I.G. will be the majority owner of Mobileum alongside previous owner Audax, which will retain a minority stake. The transaction is subject to customary closing conditions and required regulatory approvals. Terms were not disclosed.

H.I.G. Capital, a leading global alternative asset manager with over $47 billion of equity capital under management, is pleased to announce that Dyice Ellis-Beckham and Sergei Schmidt have joined the firm’s Capital Formation Group. Both Dyice and Sergei will be based in H.I.G.’s New York office and responsible for capital raising and investor relations activities in North America.