H.I.G. Capital Expands Portfolio with Best Version Media Buyout

H.I.G. Capital Strengthens Position in Advertising Market

H.I.G. Capital, a distinguished global investment firm, is excited to announce that one of its affiliates has finalized the acquisition of Best Version Media (BVM). This strategic move is set to enhance H.I.G.’s robust portfolio and further solidify its position in the advertising sector. BVM is recognized as a premier provider of localized, multi-channel advertising solutions catered specifically to small and medium-sized businesses (SMBs).

About Best Version Media

Headquartered in Brookfield, Wisconsin, BVM has established a strong presence by servicing over 30,000 SMB clients through community publications and targeted digital advertising. This partnership approach has allowed BVM to produce high-quality, localized content and provide invaluable advertising tools tailored to connect SMB clients with their respective communities.

CEO Insights on the Acquisition

Kevin O'Brien, CEO of Best Version Media, expressed enthusiasm about the acquisition, stating, "BVM has consistently delivered impactful advertising solutions while expanding our geographic reach. Our collaboration with H.I.G. will allow us to enhance our products and services for both our clients and publishers. We anticipate positive outcomes that will benefit all parties involved; the melding of our expertise and H.I.G.'s resources is promising."

Potential for Growth

Andrey Vakhovskiy, Managing Director at H.I.G., echoed these sentiments, highlighting BVM's impressive track record. "We view Best Version Media as a unique investment opportunity given its history of growth, innovation, and superior service delivery. Their commitment to quality positions them as a trusted partner among clients and publishers alike. We believe our investment will facilitate further expansion and elevate their service offerings. We look forward to supporting BVM's future endeavors and optimizing its capabilities to engage communities effectively."

The Strategy Behind the Acquisition

The acquisition aligns with H.I.G. Capital’s strategic goals to invest in dynamic businesses that exhibit potential for growth. By leveraging H.I.G.’s extensive network and operational expertise, BVM can look forward to an array of developmental opportunities that will enhance its service delivery and overall market penetration.

About H.I.G. Capital

H.I.G. Capital stands out as one of the leading global alternative investment firms, boasting $67 billion in capital under management. With its headquarters in Miami and branch offices spanning multiple major U.S. cities, as well as other international locations, H.I.G. specializes in providing both equity and debt capital to middle market companies. Its diversified investment strategy includes buyouts, recapitalizations, and corporate carve-outs across various sectors.

Since opening its doors in 1993, H.I.G. has successfully invested in and managed over 400 companies globally. Their portfolio currently encompasses more than 100 companies with total sales exceeding $53 billion. H.I.G. is dedicated to fostering an operationally focused approach that ensures value creation for all stakeholders involved.

H.I.G.'s Investment Focus Areas

H.I.G. Capital's investment strategies cover a broad spectrum, emphasizing operations and financial stability. Their investment areas include:

Equity Investments

H.I.G.'s equity funds focus on management buyouts, recapitalizations, and corporate carve-outs of both successful and underperforming businesses. This flexibility allows them to engage effectively across different market conditions while maximizing returns.

Debt Financing Options

The firm is also active in the debt financing space, providing junior, unitranche, and senior debt options to companies ranging in size. This includes funding via primary origins and secondary market engagements, along with the management of a publicly traded business development company.

Conclusion

The acquisition of Best Version Media by H.I.G. Capital not only symbolizes an exciting growth opportunity for both parties but also showcases H.I.G.'s commitment to enhancing the SMB sector’s advertising landscape. By marrying H.I.G.’s financial prowess and strategic insight with BVM's established market presence and industry experience, the potential for innovation and impact within local advertising is substantial, paving the way for significant advancements in the years to come.

Frequently Asked Questions

What is the main objective of H.I.G. Capital's acquisition?

The primary goal is to enhance H.I.G.'s portfolio by integrating Best Version Media, facilitating growth and extending service offerings in the advertising sector.

What benefits does BVM gain from this acquisition?

With H.I.G.'s resources and expertise, BVM can expand its product range and enhance its market strategies, ultimately benefiting its SMB clients.

How does H.I.G. Capital operate in the middle market?

H.I.G. provides tailored equity and debt capital solutions to middle market companies, focusing on operational improvements and value creation.

Why is the SMB sector significant for BVM?

The SMB sector represents a large demographic that requires localized advertising solutions, enabling BVM to serve a diverse array of clients effectively.

What is H.I.G.'s approach to investment?

H.I.G. employs an operationally focused investment strategy, ensuring that they create sustainable value for their portfolio companies and their investors.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.