March 29, 2024

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H.I.G. Funds Helps make Strategic Development Expenditure in Software program Organization Cleo

4 min read

NEW YORK–(Business WIRE)–H.I.G. Cash (“H.I.G.”), a foremost international alternate expense firm with $44 billion of equity funds underneath administration, is pleased to announce that an affiliate designed a considerable investment decision in Cleo Communications (“Cleo” or the “Company”), a world wide provider of ecosystem integration computer software methods. Phrases had been not disclosed.

Headquartered in Rockford, Illinois, Cleo is an ecosystem integration SaaS platform company that modernizes the movement and integration of B2B business information. The Cleo Integration Cloud system supplies additional than 4,000 clients throughout the world with strategic offer chain visibility into earnings-significant conclusion-to-end organization procedures across the ecosystems of partners and consumers, marketplaces, and customers’ interior applications. Cleo’s options push organization agility, speed up companion onboarding, automate important business enterprise processes, and seize new income streams via software, B2B, and facts integration technologies.

“We are particularly energized to welcome H.I.G. Cash as an financial commitment lover in Cleo as we proceed executing on our mission to redefine B2B integration in the cloud, solidifying Cleo’s position as the pioneer and world wide leader of the ecosystem integration application classification,” said Mahesh Rajasekharan, President and CEO of Cleo. “Given their deep area awareness and our shared vision for developing consumer price, H.I.G.’s financial investment evidently validates the momentum and acceleration of ecosystem integration adoption. It also underscores our mutual conviction that Cleo’s strategy of helping organizations deal with rapid progress by bettering offer chain visibility and manage through cloud integration technological know-how, will keep on generating expansive worth for our shoppers and their ecosystem trading companions, although fast accelerating Cleo’s current market management.”

“To compete productively, corporations throughout industries have to have to learn significantly sophisticated B2B data flows and combine the purposes jogging the enterprise. Cleo has the platform that will help its clientele fulfill these problems. The Enterprise is positioned for even more progress as eCommerce and the exponential sector development of digital information flows go on to expand the have to have for person-pleasant, speedily deployed and characteristic-abundant platforms like Cleo’s,” explained Timur Akazhanov, Running Director of H.I.G. “We imagine Cleo delivers very best-in-course cloud integration platform technological know-how next years of hefty expense in product or service advancement, which is now earning higher praise from customers, and is being adopted at a robust price. We are thrilled to companion with Mahesh and the Cleo group to go on to accelerate the Company’s expansion trajectory.”

Guggenheim Securities LLC and Harris Williams served as financial advisors to H.I.G. UBS Investment Financial institution served as exceptional financial advisor and Kirkland & Ellis LLP served as lawful counsel to Cleo.

About Cleo Communications

Cleo is an ecosystem integration software program company whose options simplify the motion and integration of critical B2B company info, thus enabling small business agility and organization flow visibility. The Cleo Integration Cloud (“CIC”) is a cloud-primarily based platform that brings conclude-to-stop integration visibility throughout API, EDI, and non-EDI integrations and offers technological and company people the self esteem and functionality to speedily onboard investing partners, help integration among programs, and accelerate earnings-producing enterprise procedures. Headquartered in Rockford, Illinois, Cleo serves more than 4,000 shoppers globally with a emphasis on the production, wholesale & distribution, and logistics conclusion-marketplaces.

About H.I.G. Cash

H.I.G. is a primary international personal equity and alternative assets financial commitment business with $44 billion of fairness funds beneath management.* Primarily based in Miami, and with workplaces in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate workplaces in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing the two credit card debt and fairness money to tiny and mid-sized organizations, using a versatile and operationally focused/ benefit-additional solution:

  1. H.I.G.’s equity cash invest in administration buyouts, recapitalizations and corporate carve-outs of both of those financially rewarding as very well as underperforming producing and provider businesses.
  2. H.I.G.’s debt resources invest in senior, unitranche and junior debt financing to businesses throughout the dimensions spectrum, both of those on a primary (immediate origination) basis, as effectively as in the secondary marketplaces. H.I.G. is also a major CLO supervisor, through its WhiteHorse family of automobiles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s actual estate money make investments in value-extra attributes, which can gain from enhanced asset management procedures.

Since its founding in 1993, H.I.G. has invested in and managed far more than 300 firms around the globe. The firm’s current portfolio incorporates extra than 100 organizations with merged profits in surplus of $30 billion. For far more data, you should refer to the H.I.G. web-site at www.higcapital.com.

* Dependent on full money commitments managed by H.I.G. Capital and affiliates.

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