SAN FRANCISCO–(Company WIRE)–H.I.G. Cash (“H.I.G.”), a top international alternate expenditure company with in excess of $47 billion of fairness money beneath administration, is pleased to announce that an affiliate of H.I.G. Technology Partners (“HTP”) has entered into a definitive agreement to make a strategic investment in Mobileum, Inc. (“Mobileum” or the “Company”) to support the Firm accelerate technology investments and growth enabled by the roll-out of 5G systems and private networks throughout the earth. Following the transaction, H.I.G. will be the bulk proprietor of Mobileum together with previous operator Audax, which will retain a minority stake. The transaction is subject to customary closing ailments and necessary regulatory approvals. Phrases ended up not disclosed.
Headquartered in Cupertino, CA, Mobileum is a primary international software supplier of mission-significant methods that allow for communications provider companies to deal with increasingly sophisticated networks. The Enterprise serves a diversified, blue-chip purchaser foundation, together with 35 of 36 world wide Tier 1 telcos and 70% of Tier 2 telcos in around 190 countries. Its innovative suite of apps presents prospects with analytics-driven methods for roaming and community expert services, community security, chance administration, connectivity testing, and subscriber intelligence. Mobileum operates in a huge and expanding sector as the increase of 5G and IoT speed up the demand for remedies to handle and sustain sophisticated community ecosystems, ensure regular excellent of assistance, and limit fraud and cybersecurity threats.
“We are enthusiastic to welcome H.I.G. Funds as a companion as we carry on to make the primary world analytics system for communications support suppliers,” mentioned Bobby Srinivasan, CEO of Mobileum. “H.I.G. has deep and related know-how in the sector with a solid observe history. Doing work with each other, we intend to additional Mobileum’s mission to guidance telecom companions with market place foremost answers and capitalize on the advancement in the broader telco application sector, together with the major alternatives introduced by 5G and personal networks.”
“We are organization believers in the escalating significance of program-pushed information analytics and intelligence for the telecom sector to assist the monetization of telecom connectivity and empower its subsequent wave of expansion. Mobileum is the crystal clear sector chief in this area with a most effective-in-course products system and is well-positioned at the forefront of rising technological know-how shifts,” claimed Timur Akazhanov and Nishant Nayyar, Controlling Directors at H.I.G. “We are thrilled to associate with Bobby, the Mobileum workforce, and Audax to accelerate know-how investments and continue rising with our telco associates.”
John Woyton, Head of H.I.G. Know-how Partners commented: “We are delighted to commit in Mobileum. This is the very first financial investment produced by HTP, H.I.G.’s committed private equity know-how system. Mobileum is an excellent in shape with our technique of making use of our operational experience in partnership with administration groups to produce modern and substantial-functionality organizations that determine their industries.”
Kirkland & Ellis LLP served as authorized advisor to H.I.G. Jefferies served as exceptional economical advisor and Kirkland & Ellis LLP served as lawful advisor to Mobileum.
Mobileum is a major supplier of Telecom analytics remedies for roaming, main community, protection, risk management, domestic and intercontinental connectivity tests, and client intelligence. More than 1,000 customers rely on its Active Intelligence platform, which gives innovative analytics answers, permitting buyers to link deep network and operational intelligence with actual-time actions that increase earnings, increase consumer working experience and decrease costs. Headquartered in Silicon Valley, Mobileum has international workplaces in Australia, Argentina, Belgium, Brazil, Egypt, Germany, Greece, India, Indonesia, Malaysia, Mexico, Portugal, Singapore, Spain United Arab Emirates, and the Uk.
About H.I.G. Funds
H.I.G. is a major world option belongings expenditure firm with above $47 billion of equity cash less than management.* Centered in Miami, and with places of work in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as very well as worldwide affiliate workplaces in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in furnishing both credit card debt and fairness funds to smaller and mid-sized firms, using a adaptable and operationally focused/ worth-extra tactic:
- H.I.G.’s equity cash commit in administration buyouts, recapitalizations and company carve-outs of the two rewarding as perfectly as underperforming production and assistance firms.
- H.I.G.’s credit card debt money commit in senior, unitranche and junior personal debt financing to providers across the dimensions spectrum, each on a key (direct origination) foundation, as properly as in the secondary markets. H.I.G. is also a top CLO supervisor, by means of its WhiteHorse household of motor vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s true estate funds commit in benefit-added properties, which can advantage from improved asset administration practices.
- H.I.G. Infrastructure focuses on generating benefit-insert and main moreover investments in the infrastructure sector.
Due to the fact its founding in 1993, H.I.G. has invested in and managed additional than 300 firms around the world. The firm’s recent portfolio incorporates extra than 100 firms with blended product sales in excess of $30 billion. For much more data, remember to refer to the H.I.G. website at www.higcapital.com.
* Based mostly on overall money commitments managed by H.I.G. Money and affiliate marketers.