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HIG Capital hires former Fenway partner as MD

7 Dec 2011

Miami-based private equity firm HIG Capital has announced the addition of managing director Marc Kramer to the firm’s New York office.

Kramer joined HIG Capital in September to invest out of the $1.5bn pool of equity capital allocated to the firm’s mid-market investments. As a managing director, Kramer will be responsible for all aspects of the investment process, including origination, transaction structuring, financing, and post-closing portfolio oversight/growth strategies.

Prior to joining HIG, Kramer was a partner at Fenway Partners where he spent nearly ten years investing in the mid-market. While at Fenway, he led the firm’s practice in the Transportation/Logistics sector developing investment strategy and focusing on transaction sourcing, execution and oversight.

Kramer began his private equity career at Aurora Capital in Los Angeles and focused on buy and build strategies in consolidating industries. Earlier in his career, he worked for Corporate Decisions, where he focused on conducting strategic due diligence and growth strategies for private equity firms.

“Marc brings over fifteen years of private equity experience to our team and will be investing capital on behalf of HIG’s Middle-Market Fund, which focuses on providing capital to companies with $200m to $500m of enterprise value. We are very excited to welcome him to the firm,” said Brian Schwartz, executive managing director at HIG.

Last month the firm bought a controlling stake in Pro-Pet, a US-based manufacturer of private label dry pet food for distribution domestically and abroad.

Pro-Pet is based in St Marys, Ohio, and also has operating facilities in Minnesota and Kansas. The company maintains relationships with numerous private label pet food retailers. Financial terms of the deal were not disclosed.

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