H.I.G. Capital Invests in Digital Ware S.A.

BOGOTÁ, Colombia–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Colombia?src=hash” target=”_blank”gt;#Colombialt;/agt;–H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity
investment firm with $30 billion of equity capital under management, is
pleased to announce that it has completed a strategic investment in
Digital Ware S.A. (“Digital Ware” or the “Company”), the leading
independent software supplier in Colombia.

Headquartered in Bogotá, Colombia, and founded over 25 years ago,
Digital Ware specializes in developing and selling ERP software, payroll
human capital management (HCM) solutions, as well as hospital
information systems and state-of-the-art business process management
(BPM) applications for highly complex business environments.

“We are very pleased to partner with Digital Ware and have it be our
first investment in Colombia. H.I.G. has been tracking the impressive
path the founding shareholders and management have executed. We hope to
enhance Digital Ware’s growth potential and take advantage of our
extensive experience in the sector,” mentioned Fabio Saad, Head of
H.I.G. for the Andean Region.

Camilo Bernal, Digital Ware Founder and CEO, said: “It was very
important for us to find the right partner to help us execute our
ambitious business plan for Digital Ware going forward, growing in
additional countries in the region, and adding several new industry
verticals. H.I.G.’s global platform, its track record with growing
companies, regional experience in HCM software solutions, and local
presence were key factors in selecting them as a partner. We are
thrilled to start this new chapter for Digital Ware alongside H.I.G.”

Fernando Marques Oliveira, Managing Director and Head of H.I.G. Latin
America, commented: “H.I.G. is delighted to announce its first
investment in Colombia with such a great company. We hope to accelerate
our investment strategy in the Andean Region, and Digital Ware is an
important step in consolidating H.I.G.’s position as the leading small/
midcap investor in Latin America.”

About Digital Ware

Founded in 1992, Digital Ware specializes in the development and sale of
software solutions through four business lines: (i) Kaktus, a human
capital management (HCM) solution; (ii) Seven, an enterprise resource
planning (ERP) solution; (iii) Hosvital, a hospital information system;
and (iv) Ophelia, a business process management (BPM) solution. For more
information visit http://www.digitalware.com.co.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets
investment firm with $30 billion of equity capital under management*.
Based in Miami, and with offices in New York, Boston, Chicago, Dallas,
Los Angeles, San Francisco, and Atlanta in the U.S., as well as
international affiliate offices in London, Hamburg, Madrid, Milan,
Paris, Rio de Janeiro, São Paulo and Bogotá, 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. H.I.G.’s real estate funds invest in value-added properties, which
can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than
300 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 managed by H.I.G. Capital and


Fernando Marques Oliveira
Managing Director

Fabio Saad
+57 (1) 742.2255

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