H.I.G. Money Indications Definitive Arrangement to Purchase Hibu | Business & Finance

Headquartered in Cedar Rapids, Iowa, Hibu is a primary provider of electronic marketing and advertising methods to SMBs across the United States. The Company’s detailed suite of methods features lookup, social and exhibit promoting, and search engine optimization (“SEO”), as perfectly as customized web-site development, listings management, and status management. Hibu’s answers present a a person-cease shop and allow its SMB shoppers to have a definitely integrated digital marketing and advertising method to entice and retain buyers and grow their corporations. Currently, Hibu serves in excess of 80,000 consumers across a wide array of industries by means of a hugely skilled profits drive with nationwide neighborhood protection.

Kevin Jasper, Main Government Officer of Hibu commented, “The investment by H.I.G. is a recognition of all that the team has achieved to day, and we are fired up to husband or wife with H.I.G. to assist our next stage of expansion. Hibu is fully commited to continuing to innovate and provide its regional small business clients with easier and more productive techniques to execute their electronic internet marketing tactics, develop and boost their on-line presence and status, and improve electronic advertisement devote.”

“We are delighted to associate with Kevin and the Hibu crew,” said Matt Gullen, Running Director at H.I.G. “We believe that there is enormous option forward for Hibu supplied its solid SMB price proposition, including a most effective-in-course built-in provider featuring, differentiated know-how, and fantastic consumer service. The Corporation has recognized alone as a leader in the field, and we glimpse forward to performing with the crew to build on their achievements and guidance ongoing development initiatives.”

The transaction is topic to customary closing conditions and completion of critique under antitrust regulations, like the Hart-Scott-Rodino Antitrust Improvements of 1976.

Houlihan Lokey acted as fiscal advisor and McDermott Will & Emery LLP furnished lawful suggestions to H.I.G. Moelis & Firm acted as economic advisor and Cravath, Swaine & Moore LLP acted as legal counsel to the Business and Hibu Group Confined on the transaction.

Headquartered in Cedar Rapids, Iowa, Hibu provides a full suite of built-in digital marketing companies to SMBs which include electronic listings management, internet site enhancement and management, look for engine advertising and marketing and optimization, online and cellular show, and social marketing campaign creation and administration. These days, Hibu serves about 80,000 customers throughout a vast assortment of industries across the United States. Hibu is a Facebook Advertising Lover, Google Advertisements Leading Associate, Google My Business enterprise Spouse, and Microsoft Promoting Find Channel Lover.

H.I.G. is a leading world-wide private equity and different assets expense firm with above $43 billion of fairness money underneath administration.* Primarily based in Miami, and with workplaces in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as nicely as worldwide affiliate workplaces in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in supplying both of those debt and fairness capital to compact and mid-sized firms, using a flexible and operationally focused/ price-included technique. Due to the fact its founding in 1993, H.I.G. has invested in and managed far more than 300 companies around the globe. The firm’s present-day portfolio incorporates a lot more than 100 firms with mixed revenue in extra of $30 billion. For more data, please refer to the H.I.G. web page at www.higcapital.com.

About Hibu Team Limited (the “Seller”)

Based in Looking at, Berkshire, United Kingdom, the Hibu Team is a top supplier of electronic advertising remedies to regional firms throughout the U.S. where it has operated as Hibu and in the British isles wherever it operates as Yell.

* Based mostly on overall cash commitments managed by H.I.G. Capital and affiliate marketers.

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PUB: 03/26/2021 09:00 AM/DISC: 03/26/2021 09:00 AM