H.I.G. Capital takes over Polygon
On March 8, the US private equity firm H.I.G. Capital officially announced the 100% acquisition of Polygon S.p.A.
“Myself and the management team are very proud and excited to welcome H.I.G. Capital as our new shareholder. Polygon has a strong reputation for technical excellence and is a leader in its field for client service. With H.I.G. Capital’s support, we will be able to offer clients additional services and further invest in the company’s growth, albeit remaining faithful to our origins and those values that have enabled Polygon to become a leading player in its field,” stated Polygon CEO, Armando Ardesi.
Stefano Giambelli, managing director of H.I.G. Capital’s European Middle Market LBO team, commented: “We are impressed by Polygon’s track record of steady growth and resilience and see enormous potential in leveraging our expertise to help Polygon boost its performance. We are proud to collaborate with Polygon’s CEO, Armando Ardesi and his team, and believe H.I.G. Capital is the ideal partner to support the management team during this next stage of the company’s growth.”
“We are delighted to have the opportunity to invest in Polygon. H.I.G. Capital has a strong track record in investments and we will use our expertise to guide management in speeding up Polygon’s expansion,” added Markus Noe-Nordberg, managing director and head of H.I.G. Capital’s European Middle Market LBO team.
H.I.G. Capital manages USD 55 billion in alternative assets around the world and has a portfolio of more than 100 companies worth more than USD 30 billion.