H.I.G. Capital Expands its Credit Platform by Launching H.I.G. WhiteHorse

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H.I.G. WhiteHorse is a leading provider of debt capital to performing businesses

H.I.G. Capital announced today that it has acquired some assets of Dallas-based WhiteHorse Capital, a CLO manager with more than $1.7 billion of capital under management. The transaction will enable H.I.G. to further provide flexible financing solutions to small and medium sized profitable businesses.

H.I.G. WhiteHorse brings together the primary loan origination team of H.I.G. and the resources of WhiteHorse to form H.I.G. WhiteHorse, a leading provider of debt capital to performing businesses. WhiteHorse was created by Jay Carvell, Jared Worley and Ethan Underwood in 2003. H.I.G. Whitehorse has more than $1 billion of capital available to deploy to US and European businesses. H.I.G. WhiteHorse has a broad mandate to offer senior, uni-tranche, second lien, mezzanine, and subordinated debt for refinancing, balance sheet recapitalizations, acquisitions, and growth capital. The transaction marks a considerable extension to H.I.G.’s existing credit platform.

H.I.G. WhiteHorse will benefit from the extensive credit experience of WhiteHorse’s investment team and its strong track record in the leveraged loan market. H.I.G. WhiteHorse will also benefit from H.I.G.’s 18 years of investment experience working with small and mid-cap companies.

Ethan Underwood the co-Managing Partner of WhiteHorse believes that the combination of the two companies will create a unique platform for providing credit to both medium and small sized organisations. HIG co-Managing Partner Tony Tamer also stressed that H.I.G. WhiteHorse will benefit from the strong track record, deep relationships, and experience WhiteHorse has as well as the global resources and extensive credit that H.I.G. can provide.

H.I.G. Capital is a leading global private equity investment firm. The Miami based firm has more than $8.5 billion of capital under investment. The company has offices in San Francisco, Dallas, Atlanta, New York and Boston, as well as London, Hamburg and Paris in Europe. H.I.G. invests in management-led buyouts and the recapitalization of well-managed and profitable companies.

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Craig Burson
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