Industry News
H.I.G. Capital Invests in a Leading Managed Print Services Company in Rio de Janeiro
1 April 2014
(Businesswire) H.I.G. Capital, a leading global private investment firm, announced that its Brazilian affiliate has made a significant investment in Office Total, a leading Brazilian Managed Print Services provider.
“Office Total is a unique platform in the MPS market for small and medium-sized businesses, an underpenetrated growing market. The Company is well positioned for further expansion and has a solid management team. We are excited to support Office Total’s next phase of growth.”
Established in 1995 with headquarters in Rio de Janeiro, Office Total outsources and commercializes a wide range of office equipment from several suppliers and offers a wide range of leasing programs to its clients. The Company operates regionally and enjoys a loyal and diversified client base spread over several industries. It has nearly 500 long-term outsourcing contracts, and provides ongoing technical support and monitoring services.
Andre Vinicius, CEO of Office Total, commented, “H.I.G.’s partnership will enable the company to participate in larger projects and fuel our organic growth. We expect to expand our portfolio of services, adding more value to our clients.”
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Brazil and H.I.G. Latin America, added: “Office Total is a unique platform in the MPS market for small and medium-sized businesses, an underpenetrated growing market. The Company is well positioned for further expansion and has a solid management team. We are excited to support Office Total’s next phase of growth.”
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