Ft Lauderdale, Florida 4/9/2010 5:45:00 AM
News / Business

HIG Capital LLC Sells Harvard Drug Group

HIG Capital LLC has announced that it has successfully sold The Harvard Drug Group, LLC to Court Square Capital Partners.  Court Square is a New York based private equity firm.  Harvard Drug is based in Livonia, Michigan.  It is focused on the distribution of generic pharmaceuticals throughout the United States.  The company’s annual sales almost reach $500 million, serving more than 42,000 customers including independent, regional and national pharmacies, hospitals, long term care facilities, and government clients. 

 

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H.I.G. Capital is a leading global private equity investment firm with more than $7.5 billion of equity capital under management. Based in Miami, and with offices in San Francisco, Atlanta, Boston, and New York in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well-managed service or manufacturing businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes companies with combined revenues in excess of $8 billion.

 

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