H.I.G. Completes Sale of Service Net

H.I.G. Capital, the Miami-based buyout shop, announced Thursday that it has completed the sale of Service Net to Chartis U.S. Inc. Chartis is a wholly owned subsidiary of American International Group. Terms of the deal were not released. H.I.G. Capital has invested in Service Net twice in the past several years: The firm recapitalized Service Net in 2004, and exited its investment in 2007. In 2009, H.I.G. re-acquired the company.

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