HIG Capital Appoints New MD
The private equity firm brings on board a retail veteran as the industry is coming increasingly ripe for bargain buyers.
September 12, 2008
HIG Capital has appointed Timothy Armstrong to a managing director role to work on investments from the private equity firm’s latest $1.5 billion fund, it announced.
Armstrong comes with more than a decade of PE experience; he spent nine years at Sanders, Karp & Megrue and another three with Apax Partners.
HIG will be making investments in middle-market companies with its $1.5 billion fund which it closed in June. Armstrong’s experience comes in industries including retail, apparel, consumer products, restaurants and business services.
“Tim brings solid private equity investing experience, having invested in the middle market for over a decade,” said Tony Tamer, co-founder and managing partner of HIG. “We are excited to have him join the partnership and know that he will prove invaluable to our efforts investing HIG’s middle market fund and in building the team.”
For more information on related topics, visit the following:
