H.I.G. Capital Completes Acquisition of Avove

Investment firm H.I.G. Capital announced on Tuesday that an affiliate has completed the acquisition of Avove Limited. H.I.G. Capital manages $75 billion in capital globally.

The details of the transaction, including financial terms, have not been made public. Avove operates in the technology services sector, and this acquisition is expected to enhance H.I.G. Capital's presence in the market.

Avove's business centers on providing IT solutions. The company is expected to continue its operations as a distinct entity under H.I.G. Capital's ownership. The acquisition aims to expand Avove's market reach and service offerings.

H.I.G. Capital has a history of investing in the technology sector, seeking to grow its portfolio through strategic acquisitions.