H.I.G. Capital, a prominent global investment firm managing $69 billion in capital, has been actively managing its portfolio through strategic exits and acquisitions. Recently, the firm announced the sale of Koozie Group to Garyline LLC, a Mill Point Capital portfolio company. This transaction underscores H.I.G.'s ongoing commitment to portfolio optimization.

Koozie Group, established in 1969 and based in Clearwater, Florida, is a leading supplier in the promotional products sector. The company specializes in designing and producing marketing items across various categories, including writing instruments and drinkware. Under H.I.G.'s ownership, Koozie transitioned from a corporate division to an independent entity, benefiting from investments in product development, IT systems, and operational enhancements, alongside four successful add-on acquisitions.

Koozie Group's CEO, Pierre Montaubin, expressed gratitude for H.I.G.'s transformative support, emphasizing the company's readiness for future growth. H.I.G. Managing Director Camilo E. Horvilleur noted the successful evolution of Koozie Group into a market leader, highlighting the collaborative efforts of all stakeholders involved.

April proved to be a particularly active month for H.I.G. Capital, marked by several strategic investments across diverse sectors. On April 7, the firm invested in GetixHealth, a provider of revenue cycle management solutions for healthcare providers. GetixHealth offers a range of services, including patient management and insurance billing, backed by extensive technological resources.

GetixHealth's CEO, Kevin Lonergan, expressed enthusiasm about partnering with H.I.G. to enhance their capabilities through the firm's expertise and resources. The following day, H.I.G. Bayside Capital Europe announced financing for Riviera Travel, a global travel brand known for guided tours and cruises. The £125 million unitranche term loan aims to support Riviera's growth, particularly in the over-60s market with its diverse itineraries.

On April 9, H.I.G. further expanded its portfolio by acquiring a logistics portfolio in the Paris and Lyon metropolitan areas. This acquisition includes six fully leased properties, totaling approximately 50,000 square meters of logistics space, strategically positioned to capitalize on the growing demand for last-mile delivery services in e-commerce.

Jérôme Fouillé, Managing Director at H.I.G. Realty, highlighted the resilience of last-mile logistics as an attractive asset class, especially in supply-constrained markets like Paris and Lyon. These transactions reflect H.I.G.'s diversified investment strategy across various sectors and geographies.

Since its inception in 1993, H.I.G. Capital has invested in over 400 companies globally, with a current portfolio of more than 100 companies generating combined sales exceeding $53 billion. The firm's proactive approach to portfolio management and strategic investments positions it well for continued growth and success in the competitive investment landscape.