H.I.G. Funds Indications Definitive Arrangement to Receive Hibu

MIAMI–(Enterprise WIRE)–H.I.G. Capital (“H.I.G.”), a primary world wide choice investment company with about $43 billion of fairness funds below management, is delighted to announce that an affiliate has signed a definitive agreement to obtain Hibu Team (United states of america), Inc. (“Hibu” or the “Company”), a leading supplier of digital promoting services to small and medium-sized businesses (“SMBs”) across the United States.

Headquartered in Cedar Rapids, Iowa, Hibu is a major provider of electronic advertising and marketing solutions to SMBs across the United States. The Company’s extensive suite of solutions features search, social and show promoting, and look for engine optimization (“SEO”), as properly as custom made internet site advancement, listings administration, and popularity administration. Hibu’s solutions supply a one-quit shop and permit its SMB prospects to have a truly integrated electronic marketing and advertising program to draw in and retain shoppers and mature their businesses. Today, Hibu serves in excess of 80,000 customers throughout a extensive vary of industries by means of a very skilled profits pressure with nationwide area protection.

Kevin Jasper, Chief Govt Officer of Hibu commented, “The financial investment by H.I.G. is a recognition of all that the crew has achieved to day, and we are excited to associate with H.I.G. to assistance our upcoming stage of expansion. Hibu is committed to continuing to innovate and give its community business enterprise buyers with easier and a lot more productive strategies to execute their digital marketing approaches, build and greatly enhance their online existence and reputation, and enhance digital advertisement devote.”

“We are delighted to partner with Kevin and the Hibu staff,” claimed Matt Gullen, Managing Director at H.I.G. “We imagine there is enormous option in advance for Hibu provided its strong SMB worth proposition, which includes a most effective-in-class built-in service providing, differentiated technologies, and fantastic client company. The Organization has established itself as a leader in the market, and we glance forward to operating with the group to create on their achievement and support ongoing advancement initiatives.”

The transaction is matter to customary closing conditions and completion of evaluation beneath antitrust regulations, like the Hart-Scott-Rodino Antitrust Enhancements of 1976.

Houlihan Lokey acted as economic advisor and McDermott Will & Emery LLP provided authorized information to H.I.G. Moelis & Company acted as economical advisor and Cravath, Swaine & Moore LLP acted as lawful counsel to the Firm and Hibu Team Limited on the transaction.

About Hibu

Headquartered in Cedar Rapids, Iowa, Hibu offers a complete suite of integrated electronic marketing and advertising solutions to SMBs which include digital listings administration, web-site advancement and management, lookup motor advertising and optimization, online and mobile display screen, and social marketing campaign creation and management. Today, Hibu serves around 80,000 prospects across a wide range of industries throughout the United States. Hibu is a Facebook Marketing Companion, Google Ads Leading Lover, Google My Business Associate, and Microsoft Promoting Find Channel Husband or wife.

About H.I.G. Capital

H.I.G. is a main global non-public equity and alternate belongings investment business with over $43 billion of fairness money less than administration.* Dependent in Miami, and with workplaces in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as properly as international affiliate places of work in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in furnishing both of those personal debt and equity cash to smaller and mid-sized corporations, employing a adaptable and operationally focused/ benefit-included method. Given that its founding in 1993, H.I.G. has invested in and managed much more than 300 providers worldwide. The firm’s existing portfolio contains a lot more than 100 providers with mixed revenue in extra of $30 billion. For much more information, please refer to the H.I.G. web site at www.higcapital.com.

About Hibu Team Constrained (the “Seller”)

Centered in Reading through, Berkshire, United Kingdom, the Hibu Group is a foremost provider of electronic advertising and marketing answers to nearby enterprises throughout the U.S. in which it has operated as Hibu and in the British isles where it operates as Yell.

* Based on complete funds commitments managed by H.I.G. Money and affiliate marketers.