MIAMI–(Small business WIRE)–H.I.G. Cash (“H.I.G.”), a foremost global alternate investment firm with over $43 billion of equity cash less than management, is pleased to announce that an affiliate has signed a definitive settlement to get Hibu Team (Usa), Inc. (“Hibu” or the “Company”), a main company of electronic marketing and advertising products and services to little and medium-sized corporations (“SMBs”) across the United States.
Headquartered in Cedar Rapids, Iowa, Hibu is a major provider of electronic advertising answers to SMBs throughout the United States. The Company’s complete suite of alternatives includes lookup, social and show promotion, and lookup motor optimization (“SEO”), as very well as personalized web-site advancement, listings management, and popularity administration. Hibu’s answers supply a a single-quit store and permit its SMB clients to have a truly integrated digital marketing application to attract and retain prospects and develop their businesses. Currently, Hibu serves more than 80,000 clients throughout a broad variety of industries as a result of a hugely trained gross sales force with nationwide regional coverage.
Kevin Jasper, Chief Govt Officer of Hibu commented, “The investment by H.I.G. is a recognition of all that the team has completed to day, and we are psyched to lover with H.I.G. to guidance our following phase of growth. Hibu is fully commited to continuing to innovate and supply its area enterprise prospects with less complicated and much more helpful means to execute their digital marketing and advertising procedures, establish and improve their on the web presence and status, and improve digital ad devote.”
“We are delighted to companion with Kevin and the Hibu team,” mentioned Matt Gullen, Handling Director at H.I.G. “We feel there is immense option in advance for Hibu specified its solid SMB benefit proposition, which include a greatest-in-course integrated company providing, differentiated technological innovation, and excellent shopper support. The Corporation has established by itself as a chief in the marketplace, and we glimpse ahead to functioning with the group to develop upon their achievement and help ongoing advancement initiatives.”
The transaction is subject to customary closing ailments and completion of critique below antitrust legal guidelines, such as the Hart-Scott-Rodino Antitrust Enhancements of 1976.
Houlihan Lokey acted as monetary advisor and McDermott Will & Emery LLP supplied lawful advice to H.I.G. Moelis & Enterprise acted as economic advisor and Cravath, Swaine & Moore LLP acted as legal counsel to the Organization and Hibu Group Constrained on the transaction.
About Hibu
Headquartered in Cedar Rapids, Iowa, Hibu supplies a entire suite of integrated digital marketing and advertising solutions to SMBs like digital listings administration, site development and administration, lookup motor promoting and optimization, on line and mobile exhibit, and social marketing campaign creation and management. Now, Hibu serves above 80,000 customers throughout a wide array of industries throughout the United States. Hibu is a Fb Internet marketing Partner, Google Ads Premier Associate, Google My Small business Spouse, and Microsoft Marketing Find Channel Husband or wife.
About H.I.G. Capital
H.I.G. is a primary world wide private equity and different property expense agency with over $43 billion of equity capital beneath administration.* Based mostly in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as effectively as global affiliate workplaces in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in offering both equally debt and equity funds to compact and mid-sized businesses, employing a versatile and operationally concentrated/ worth-extra method. Given that its founding in 1993, H.I.G. has invested in and managed much more than 300 firms all over the world. The firm’s current portfolio incorporates a lot more than 100 providers with merged income in surplus of $30 billion. For far more details, remember to refer to the H.I.G. site at www.higcapital.com.
About Hibu Team Restricted (the “Seller”)
Centered in Reading through, Berkshire, United Kingdom, the Hibu Team is a leading provider of electronic promoting alternatives to neighborhood firms throughout the U.S. in which it has operated as Hibu and in the Uk where by it operates as Yell.
* Based mostly on complete money commitments managed by H.I.G. Cash and affiliate marketers.
