Industry News
H.I.G. Capital Invests in Brazil-Based LG Sistemas
1 August 2013
(peHUB) Global private investment firm H.I.G. Capital said Thursday that it has made a strategic investment in LG Sistemas. No financial terms were disclosed. Based in Brazil, LG Sistemas is a provider of human resources software.
RIO DE JANEIRO, Brazil–(BUSINESS WIRE)–H.I.G. Capital, LLC (“H.I.G.”), a leading global private investment firm, announced today that its Brazilian affiliate has completed a strategic investment in LG Sistemas (“LG Sistemas” or “The Company”), a leading human resources software provider in Brazil.
“LG Sistemas has very strong market positioning backed by the quality of its management and development team. We are delighted to be partnering with LG Sistemas and we’re committed to supporting the Company’s mission of improving the performance of its clients’ human resources capabilities.”
Founded in 1985, LG Sistemas specializes in human resources software solutions. The Company provides software and services that support the human resource activities of over 400 companies across a variety of industries throughout Brazil. “H.I.G.’s investment will support our growth and strengthen our R&D investment capability by offering strategic and financial resources. LG Sistemas will continue to focus on providing and broadening its portfolio of software solutions and services always driven by quality and innovation,” said Gustavo Teixeira, CEO and a founder of the Company.
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Brazil added, “LG Sistemas has very strong market positioning backed by the quality of its management and development team. We are delighted to be partnering with LG Sistemas and we’re committed to supporting the Company’s mission of improving the performance of its clients’ human resources capabilities.”
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