H.I.G. Capital completed the acquisition of Nadir Figueiredo Indústria e Comércio, a Brazilian glass tableware manufacturer for US$222.98m.
(Press Release) H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with over $34 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Nadir Figueiredo Indústria e Comércio S.A. (“Nadir” or the “Company”), the largest glass tableware producer in Brazil and the 6th largest in the world. The transaction value was approximately R$1 billion.
Founded in 1912 in the state of São Paulo, Nadir has a complete product portfolio of more than 2,000 SKUs, reaching approximately 1,200 customers in the retail as well as commercial food and beverage industries, both in Brazil as well as in 67 other countries. The Company built a 107-year success story in Brazil as a result of its high-quality products and long-standing relationships with all major distributors and retailers. Nadir can be found in nearly every household across all Brazilian states.
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Brazil and Latin America, commented: “We are very pleased to have completed the acquisition of Nadir Figueiredo. Morvan Figueiredo, José Eduardo Vidigal, and the management team have done an outstanding job in the last decades of building a truly unique industrial platform. We look forward to taking the Company to the next level and pursuing several growth opportunities.”
“We are very gratified to entrust Nadir’s future to H.I.G. Capital. H.I.G.’s solid track record and long-term view will add significant value to the Company founded by our family more than 100 years ago,” said Morvan Figueiredo and José Eduardo Vidigal Pontes.
About Nadir Figueiredo
Nadir Figueiredo is the largest glass tableware producer in Brazil and the 6th largest in the world. The Company has a large portfolio of products including glasses, wine glasses, kitchen and dinnerware products, as well as the iconic “Copo Americano,” found in virtually every bar in Brazil. For more information visit www.nadirfigueiredo.com.br.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $34 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, São Paulo and Bogotá, 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:
- 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. is also a leading CLO manager, through its WhiteHorse family of vehicles, and 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.
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.