H.I.G. will form a partnership with the existing management team of HIG will benefit betrieblichem, strategic and financial know-how when it expands its operations in the Nordic region. H.I.G. also has an extensive network throughout Europe, which will support the plans of FVG for further development and use of its market-leading technology base.
Ole Oftedal, CEO of FVG, said: “I am delighted that we have a partnership with HIG could make. Their long-term objective and its support, it will allow us to continue to invest in our product range and our technology to ensure quality service to our clients and business partners. We look forward to the next phase of growth and international expansion. “
Carl Harring, Managing Director of HIG Europe, who heads the Nordic activities, added: “FVG has earned a good reputation for service, quality and innovative technology in the Nordic Taxi Services Industry. This allows the company to grow quickly and achieve a leading position in the market. We are pleased to partner with FVG and further growth through further investment in technology and the development of close customer relations support.
The terms of the transaction were not disclosed.
FVG, owner of leading brands such. As Taxi Kurir, 020, Norges Taxi and Taxi Skåne, is a provider of taxi technology, brand affiliation and services for independent transport company. The company delivers fees mapping and driving service line for more than 5000 taxis in Sweden and Norway. His extensive network provides transport contractors, the highest capacity utilization and customer the best response time and quality.
About HIG Capital
H.I.G. is a leading investment company and investment company for alternative assets. Worldwide manages H.I.G. Headquartered in Miami (Florida) 17 billion US dollars. * In the US, the company has offices in Atlanta, Boston, Chicago, Dallas, New York and San Francisco, and the international partner network includes offices in London, Hamburg, Madrid, Milan , Paris and Rio de Janeiro. H.I.G. specializes in the supply of debt and equity capital for small and medium businesses and is pursuing a flexible and operational / more value-oriented approach:
1) HIG-equity fund investing in management buyouts, corporate restructurings and divestitures of both profitable as non-performing manufacturing and service companies.
2) The debt funds of HIG invest in senior and subordinated debt Unitranche- financing transactions with companies of all sizes, both directly and through secondary markets. Moreover H.I.G. about his White Horse portfolio a leading CLO manager and manages a publicly traded BDC, Whitehorse Finance.
3) More HIG funds invest in a variety of material assets, including real estate and transportation.
Since its founding in 1993, HIG has invested in over 200 companies and carried them. The company’s lineup currently includes more than 80 companies with total revenues of over 30 billion US dollars. More information is available on the website of HIG: www.higcapital.com.
* Based on total capital commitments to funds of HIG Capital and its affiliated companies are managed.
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