HIG adds another director to London office

The London-based firm, which specialises in providing capital to small and medium-sized companies, has named former Hg Capital and Apax executive Carl Harring as a managing director.

Carl Harring, formerly of HgCapital, has joined HIG Europe as a managing director in its London office to build upon the firm's European operations.

Harring’s arrival comes after HIG Europe’s appointment of former Pamplona Capital partner Henry Gregson, as a managing director of the London office in January.

Harring brings with him experience in small and medium-sized leveraged buyouts from his time at London-based HgCapital and European experience from his nine years at Apax Partners.

Co-founder and managing partner of HIG, Sami Mnaymneh, said in a statement that Harring will bring with him UK deal experience and a “very strong network and track record of the Nordic region, which we see as an attractive area for HIG to target”.

HIG is already the largest private equity team focused on small and lower-mid market transactions across Europe; it completed 14 new investments since the beginning of 2011.

The firm increased its European arm when Jaime Bergel, the former Goldman Sachs banker, took the managing director role of a Madrid office that was set up in February. 

As well as experience with Goldman, Bergel was previously the chief executive of Spanish buyout firm Gala Capital, which he founded in 2004.

HIG’s 2007 vintage European fund, H.I.G Europe Capital Partners, closed on €600 million. Investments include the environmentally friendly construction company Green Building Group and industrial boiler company CTI Groupe. 

HIG has more than £6 billion (€7.2bn; $9.5bn) in equity capital under management and invests in management-led buyouts and recapitalisations of manufacturing or service businesses.