H.I.G. Capital Completes Investment in Axis Europe Limited
2024年8月13日 - 7:00PM
ビジネスワイヤ(英語)
H.I.G. Capital (“H.I.G.”), a leading global alternative
investment firm with $64 billion of capital under management, is
pleased to announce that one of its affiliates has acquired Axis
Europe Limited (“Axis” or the “Company”), a leading UK provider of
property maintenance services, from its founder and owner, John
Hayes. John Hayes will reinvest alongside H.I.G. and join the board
as a non-executive director. The financial terms of the transaction
have not been disclosed.
Axis provides planned maintenance, responsive repairs, and
refurbishment to clients in social housing and local government. It
has developed an exceptionally strong reputation as a trusted,
long-term partner to some of the largest local authorities and
housing associations in the UK. Axis has delivered significant and
consistent organic growth over the past two decades.
H.I.G. will combine Axis with its existing portfolio company,
CLC Group (“CLC”) which it acquired in June 2023, to bring together
two highly complementary businesses to create a leading national
property maintenance specialist with deep experience across a range
of end-markets and maintenance disciplines.
John Hayes, Founder and CEO of Axis, remarked, “We are delighted
to join forces with CLC to create a national contractor of scale
with great geographical and operational synergies. The investment
in both companies by H.I.G. will allow the group to benefit from
the huge opportunities that exist across all sectors and
regions.”
John Harper, Managing Director of H.I.G. in London, said, “We
are excited by this transaction, which is set against the backdrop
of a property refurbishment market poised for significant
investment in the coming decade.”
About Axis
Axis is a provider of property maintenance services to housing
associations and local government. The business has focused on
building long-term relationships with some of the largest property
managers and owners in its sector. For more information, visit
axiseurope.com.
About CLC
CLC is a national property and asset refurbishment provider that
offers clients national coverage with a local service. The business
has focused on delivering high quality property and asset services
to customers in the social housing, local government, defence,
hospitality, and utilities sectors. For more information, visit
clcgroup.com.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $64
billion of capital under management.* Based in Miami, and with
offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San
Francisco in the United States, as well as international affiliate
offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris,
Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in
providing both debt and equity capital to middle market companies,
utilizing a flexible and operationally focused/value-added
approach:
- 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.
- 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. also manages a publicly traded BDC, WhiteHorse
Finance.
- H.I.G.’s real estate funds invest in value-added properties,
which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus
investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed
more than 400 companies worldwide. The Firm's current portfolio
includes more than 100 companies with combined sales in excess of
$53 billion. For more information, please refer to the H.I.G.
website at hig.com.
*Based on total capital raised by H.I.G. Capital and its
affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20240813086612/en/
John Harper Managing Director jharper@hig.com
Adam Taylor Principal ataylor@hig.com
H.I.G. Capital 10 Grosvenor Street 2nd Floor London W1K 4QB
United Kingdom P +44 (0) 207 318 5700 hig.com