Hig Capital (“HIG”), a leading global alternative investment company with a managed capital of $ 67 billion, is pleased to announce that a subsidiary has signed a final agreement to go to the Heller Group (“Heller”, which To invest “group” or the “company”), a leading machine tool manufacturer in Germany. The transaction is subject to approval by the antitrust authorities.
Heller was founded in 1894 and has its headquarters in Nürtingen, Germany. The company is a globally recognized provider of state-of-the-art CNC machine tools and manufacturing systems that specialize in high-precision and highly productive metal processing. The group of companies employs over 2,600 people and operates five state-of-the-art production facilities in Europe, Asia, North and South America as well as 30 sales and service branches worldwide. Heller’s global presence made it possible for the company to operate a variety of customers and industries, including mechanical engineering, aerospace, energy, defense and commercial vehicles.
The HIG and the fourth generation of the Heller family have received a partnership around the two years ago by Dr. Thorsten Schmidt, CEO of the Heller Group, to implement initiated transformation program. HIG will use its extensive know-how in the production sector, its global network and its capital resources to support the company in the successful implementation of its growth plan. The Heller family will continue to hold a significant share in the company, so that the company’s identity as a long -standing family company is preserved.
Nicole Pfleiderer and Marc Heller, the fourth generation of the Heller family, comment: “We are happy to have found an ideal partner with the HIG to shape a successful future for our company together. The outstanding success record of HIG, the specialist knowledge in the engineering sector and the extensive global network will give the company considerable strategic advantages. This partnership lays a strong foundation for sustainable investments in the future of Heller, and we are confident that Heller will successfully implement its strategic initiatives and will result in more than ever. “
Dr. Thorsten Schmidt, Chief Executive Officer at Heller, adds: “Heller is positioned for a promising future. However, a strategic realignment is required to open up the company’s full potential. Our goal is to consolidate and expand our status as a market leading innovator, which allows us to serve new industries and address a wider customer base. In cooperation with HIG, the Heller family and our talented employees, we will implement our ambitious strategy plan and continue the company’s long -term success story. “
Christian Kraul-von Renner, Managing Director at HIG, explains: “Heller is a global technology leader. We are impressed by the company’s technical excellence, the extraordinary skills of his employees and the management strength of his management team. With its 130-year tradition, the company has a remarkable basis and we are confident about its future. We look forward to the partnership with the Heller family and the close cooperation with Dr. Thorsten Schmidt and the entire management team to write the next Heller’s next chapter of success together. “
Information about Heller
As a company that was founded in 1894 as a modest craft business, Heller has risen to a globally recognized market leader for CNC machine tools and manufacturing systems for chips. Today the group employs over 2,600 people. The company operates five state-of-the-art production facilities in Europe, Asia, North and South America, which ensure a consistent and reliable service for a variety of industries. Heller has a strong global presence with its own sales and service branches and an extensive network of qualified service partners in all important markets. The company’s product portfolio includes advanced 4-axis and 5-axis machining centers, mill-turn machining centers and process machines. This portfolio is supplemented by a modular range of services and the latest solutions for digitization and automation of production processes. For more information, see the Heller website at heller.biz.
Information about HIG Capital
HIG is one of the world’s leading alternative investment companies with an administrated capital of $ 67 billion.* With its headquarters in Miami and branches in Atlanta, Boston, Chicago, Los Angeles, New York and San Francisco in the USA, as well as international branches in Hamburg London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai and Hong Kong is high in providing external and equity for medium-sized companies and pursues a flexible and operational approach with high added value:
- The HIG’s equity funds invest in management Buy-Outs, recapitals and outsourcing of company parts of both profitable and unprofitable production and service companies.
- HIG’s credit funds invest in primary, unit and subordinate external financing for companies of all sizes, both on primary base (direct allocation) and on secondary sleeves. HIG also manages a listed investment company, Whitehorse Finance.
- HIG’s real estate funds invest in valuable properties that can benefit from improved asset management procedures.
- HIG infrastructure focuses on value-adding and core plus investments in the infrastructure sector.
Since its foundation in 1993, HIG has invested in more than 400 companies worldwide and managed them. The company’s current portfolio comprises more than 100 companies with a total sales of over 53 billion USD. Further information can be found on the high website at hig.com.
*Based on the entire capital and their affiliated companies