McDermott Advises on H.I.G. Capital Sale of Gould & Lamb, LLC
CHICAGO (November 30, 2007) — McDermott Will & Emery client H.I.G. Capital announced that it has completed the sale of Gould & Lamb, LLC to ABRY Partners. Terms of the transaction were not disclosed.
The McDermott team advising H.I.G. on this transaction included partners Brooks Gruemmer and associate Tim Eloe.
H.I.G. Capital L.L.C. ("H.I.G.") is a leading global private equity investment firm with more than $4 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding, H.I.G. has completed more than 75 transactions. The firm currently manages a portfolio of more than 50 companies in a wide range of industries. For more information, please contact Rick Rosen or Rob Wolfson, or refer to the H.I.G. website at www.higcapital.com.
The Firm's Private Equity Group includes current and former principals of major private equity firms as well as former in-house general counsel for portfolio companies of well-known private equity sponsors. This "inside-out" knowledge of the private equity industry provides a unique perspective on transactions as well as on the day-to-day operations of valuable investments. We assist portfolio companies and other emerging enterprises with mergers and acquisitions, initial public offerings, private investments in public equity, joint ventures, leveraged buyouts, recapitalizations, venture financings and a broad spectrum of other corporate matters.
