Global private equity firm HIG Capital has opened a Milan office and has hired Raffaele Legnani from Atlantis Partners to lead the firm’s efforts in Italy as a managing director.
HIG Europe affiliate has a team of over 50 investment professionals operating out of offices in London, Hamburg, Madrid and Paris.
HIG. Europe has to date completed 28 deal in Europe since it began investing in 2008. In July 2013, the firm closed HIG European Capital Partners II at €825m, targeting buyout and growth capital investments in middle-market companies primarily in Western Europe.
Legnani said, “HIG is ideally positioned to successfully invest in Italy, given the significant amount of capital at its disposal and its experience in working with both growth companies and businesses facing operational and/or financial challenges. Focusing on midsize companies with a turnover above €50m, HIG targets the backbone of the Italian economy”.
Sami Mnaymneh, co-founder and managing partner of HIG, added, “. There are many attractive businesses and talented managers in Italy and, despite short term challenges, we have every confidence that, in the long run, the Italian economy will recover and get back on a growth path”.
Mnaymneh said the firm was already looking at several potential investments in Italy.
Earlier this week HIG was reported to have relocated managing director Mark Kelly from London to Chicago to bolster its Midwest investment activity.
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