H.I.G. Acquisition Corp.
HIGA
New York Stock Exchange10.04
USD
+0.00
- -
CIK
0001823776
ISIN
KYG448981079
Return %
Stock
S&P500
1Y
2.24
26.53
3Y
2.87
76.60
5Y
2.87
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Brian D. Schwartz
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1450 Brickell Avenue Miami FL United States of America 33131
- IPO Date
- Dec 15, 2020
- CIK
- 0001823776
- Website
- higacquisitioncorp.com
- Similar Companies
- Business
- H.I.G. Acquisition Corp is a special purpose acquisition company (SPAC) that primarily focuses on identifying and acquiring businesses, often within the mid-market segment. The company operates as a blank-check firm facilitating mergers and acquisitions rather than producing or selling products directly. It is sponsored by H.I.G. Capital, a leading global alternative investment firm with operations across North America, Europe, Latin America, the Middle East, and Asia. H.I.G. Acquisition Corp was created to leverage H.I.G. Capital’s investment expertise in both equity and debt markets, specializing in management buyouts, recapitalizations, and corporate carve-outs across manufacturing, service, and technology businesses. The core activities of H.I.G. Acquisition Corp involve raising capital through public markets and deploying these funds to acquire target companies, typically valuing around $450 million raised at IPO. Recent major changes include the redemption of all outstanding Class A ordinary shares in late 2022, reflecting strategic corporate actions post-IPO. H.I.G. Capital, the sponsor, has continued to expand its investment portfolio aggressively through acquisitions in IT services, digital solutions, healthcare revenue cycle management, aviation services, and cybersecurity sectors. Significant recent transactions include the acquisition and integration of Converge Technology Solutions with Mainline Information Systems, forming Pellera Technologies which is expected to generate approximately $4 billion in revenue in 2024, along with strategic investments in companies like GetixHealth and STS Aviation Group. The firm also recently partnered with Thoma Bravo to acquire the CompTIA brand and products, expanding its footprint in technology certification and education. Founded in 2020 and headquartered in Miami, Florida, H.I.G. Acquisition Corp benefits from the parent H.I.G. Capital’s 30+ years of experience managing $70 billion in assets through private equity, growth equity, direct lending, special situations credit, real estate, infrastructure, and healthcare growth equity funds. The company's geographic operations include broad international coverage leveraging H.I.G. Capital’s extensive global presence with 19 offices and over 500 investment professionals. H.I.G. Acquisition Corp and its sponsor focus on strategic mergers and acquisitions, debt and equity financing, and operational improvements across portfolio companies, targeting middle-market firms with growth potential. Recent operational changes include enhanced fundraising activities, strategic partnerships for industry consolidation, and active involvement in cloud platforms, digital infrastructure, and advanced analytics-driven growth initiatives. These activities position H.I.G. Acquisition Corp as a key player in the SPAC market, backed by a sophisticated investment platform that drives expansion into technology, healthcare, and service industries through capital deployment and strategic partnership initiatives.
H.I.G. Acquisition Corp. Announces Redemption Price Per Class A Ordinary Share
H.I.G. Acquisition Corp. Announces Redemption of Class A Ordinary Shares