[July 07, 2015] |
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H.I.G. Capital Completes Acquisition of Intelius
H.I.G. Capital ("H.I.G."), a leading global private equity investment
firm with more than $18 billion of equity capital, announced that an
affiliate has completed the acquisition of Intelius ("Intelius" or the
"Company") a leading online provider of people-related information for
consumers.
Intelius is a leading provider of on-demand information about
individuals and predictive analytics that can help identify connections
to other people, places and things. Headquartered in Bellevue,
Washington, the privately-held company has been in business since 2003
and has sold more than 50 million reports.
"We are pleased to support Intelius, a leading provider of online
consumer information services," commented Elliot Maluth, a Managing
Director of H.I.G. Capital. "We view Intelius as a strong cash flow
business with tremendous growth opportunities moving forward."
"This transaction enables us to focus solely on our core Intelius
business and to re-invest in ways that help us to better support
customers and to grow our leadership position," commented Prakash
Kondepudi, Chief Executive Officer of Intelius, who is replacing
Intelius' founder Naveen Jain in this role. Kondepudi has served as the
President of the Intelius Division for the past five years.
About Intelius
Intelius is an information commerce company founded in 2003 that has
become a leader in online people data, delivering comprehensive
information about individuals, their histories and their connections to
others. Intelius offers cloud-based solutions through desktop and mobile
applications. Reports and servics range from basic people search
results to detailed background reports to a comprehensive identity theft
protection service. Intelius has a robust and proprietary technology
platform that gathers billions of public records from a large network of
publicly and commercially-available sources and assigns such records to
more than 250 million unique profiles in the United States. Intelius
services 300 million monthly requests for access to its databases. In
addition to retrieving historical and current data, Intelius leverages
proprietary genomic technology to identify connections between people,
places and things to reveal insights. More information about the Company
and its products can be viewed online at www.intelius.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets
investment firm with more than $18 billion of equity capital under
management.* Based in Miami, and with offices in New York, Boston,
Chicago, Dallas, San Francisco, and Atlanta in the U.S., as well as
international affiliate offices in London, Hamburg, Madrid, Milan, Paris
and Rio de Janeiro, H.I.G. specializes in providing both debt and equity
capital to small and mid-sized companies, utilizing a flexible and
operationally focused/ value-added approach:
1. H.I.G.'s equity funds invest in management buyouts, recapitalizations
and corporate carve-outs of both profitable as well as underperforming
manufacturing and service businesses.
2. H.I.G.'s debt funds invest in senior, unitranche and junior debt
financing to companies across the size spectrum, both on a primary
(direct origination) basis, as well as in the secondary markets. H.I.G.
is also a leading CLO manager, through its WhiteHorse family of
vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. Other H.I.G. funds invest in various real assets, including real
estate and shipping.
Since its founding in 1993, H.I.G. has invested in and managed more than
200 companies worldwide. The firm's current portfolio includes more than
100 companies with combined sales in excess of $30 billion. For more
information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments to funds managed by H.I.G. Capital
and its affiliates.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150707005394/en/
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