McDermott Represents H.I.G. Capital in Close of $3.1 Billion H.I.G. Middle Market LBO Fund III Above Target

Overview


McDermott Will & Emery provided legal counsel to H.I.G. Capital, a leading global alternative asset management firm, in the formation of H.I.G. Middle Market LBO Fund III, L.P. (the “Fund”), which closed with aggregate capital commitments of $3.1 billion, well exceeding its target. The Fund will continue the strategy of H.I.G. Middle Market’s two predecessor funds, by making private equity investments in middle market companies, primarily in North America.

The McDermott team was led by partner Ian Schwartz, head of the Firm’s Investment Funds Group, and includes partners Rami Turayhi and Erica Moscarello and associates David Nestler, Philip Feffer, Lauren Nevidomsky and Jennifer Lee. Partner Alex Ruiz and associates Kevin Hall and Emily Mussio advised on tax matters. Partner Todd Solomon advised on ERISA matters and partner Ted Laurenson advised on U.S. regulatory matters.

The Investment Funds Group at McDermott is a global leader in representing investment fund sponsors and institutional investors and provides sophisticated counsel to its clients across the full spectrum of investment fund issues and transactions. The Investment Funds Group is embedded in McDermott’s private equity practice with attorneys across 20 offices in 7 countries across the United States, Europe, and Asia who serve as lead counsel to institutional investors and investment funds through their full lifecycle.

Read H.I.G.’s press release: https://higcapital.com/news/release/1239.

About McDermott


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