Industry Newsroom

H.I.G. Capital in Partial Exit from Brazilian Advertising Company Eletromidia via USD162m IPO

H.I.G. Capital has partially exited its stake in Brazil-based outdoor advertising company Eletromidia via the company’s BRL871.6m (approximately USD162m) IPO on the B3. According to regulatory filings, H.I.G. Capital’s Vesuvius FIP Fund sold shares worth BRL91.97m (approximately USD17m), reducing its stake from 80.48% to 53.33%. Read more