H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with $30 billion of equity capital under management, is pleased to announce that it has completed a strategic investment in Digital Ware S.A. (Digital Ware or the Company), the leading independent software supplier in Colombia.
Headquartered in Bogot¡, Colombia, and founded over 25 years ago, Digital Ware specializes in developing and selling ERP software, payroll human capital management (HCM) solutions, as well as hospital information systems and state-of-the-art business process management (BPM) applications for highly complex business environments.
We are very pleased to partner with Digital Ware and have it be our first investment in Colombia. H.I.G. has been tracking the impressive path the founding shareholders and management have executed. We hope to enhance Digital Wares growth potential and take advantage of our extensive experience in the sector, mentioned Fabio Saad, Head of H.I.G. for the Andean Region.
Camilo Bernal, Digital Ware Founder and CEO, said: It was very important for us to find the right partner to help us execute our ambitious business plan for Digital Ware going forward, growing in additional countries in the region, and adding several new industry verticals. H.I.G.s global platform, its track record with growing companies, regional experience in HCM software solutions, and local presence were key factors in selecting them as a partner. We are thrilled to start this new chapter for Digital Ware alongside H.I.G.”
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Latin America, commented: H.I.G. is delighted to announce its first investment in Colombia with such a great company. We hope to accelerate our investment strategy in the Andean Region, and Digital Ware is an important step in consolidating H.I.G.s position as the leading small/ midcap investor in Latin America.
About Digital Ware
Founded in 1992, Digital Ware specializes in the development and sale of software solutions through four business lines: (i) Kaktus, a human capital management (HCM) solution; (ii) Seven, an enterprise resource planning (ERP) solution; (iii) Hosvital, a hospital information system; and (iv) Ophelia, a business process management (BPM) solution. For more information visit http://www.digitalware.com.co.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with $30 billion of equity capital under management*. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, S£o Paulo and Bogot¡, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:
1. H.I.G.s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
*Based on total capital commitments managed by H.I.G. Capital and affiliates.
Fernando Marques Oliveira