H.I.G. Capital Acquires the SIAT Group

H.I.G. Capital (“H.I.G.“), a leading global alternative investment firm with $48 billion of equity capital under management, is pleased to announce that an affiliate has acquired SIAT Group ( “SIAT” or the “Company”).

SIAT is the global market leader for case taping machinery and holds a leading position in pallet wrapping machinery and strapping heads and tools. In its more than 50 years of company history, SIAT has established itself as an international brand renowned for its extraordinary machine quality and durability as well as customer focus. Headquartered in Turate near Milan in Italy, SIAT supplies its products through a global network of 500+ partners as well as directly to leading blue chip customers across the globe. SIAT employs over 300 people.

In recent years, SIAT has heavily invested into a dedicated customer focused sales and marketing strategy, launched various new and innovative market-leading products which among others address the sustainability agenda of its customers, and successfully established a strong position in fast growing industries such as e-commerce. H.I.G. is now backing the experienced SIAT management to continue the success story and to further develop SIAT’s global leading position for transit packaging machinery across all end-of-line packaging technologies, both organically and through acquisitions, and to drive the Company’s growth across various regions, especially in North America, CEE and Asia.

Konstantinos Marinakis, CEO of SIAT, commented: “We have been able to successfully develop our business as a global market leader across all end-of-line packaging applications around the world with market-leading profitability. We are delighted that H.I.G. has been attracted by our development in recent years, and we are truly excited to continue our growth trajectory with the support of H.I.G. for years to come.”

Christian Kraul-von Renner, Managing Director at H.I.G., commented: “SIAT is the global market leader for case taping machinery with a premium brand. The Company is very well positioned to benefit from fundamental industry tailwinds driving robust growth for end-of-line packaging equipment. We are impressed by the achievements of the SIAT leadership team in recent years, and we are thrilled to support the management for the next phase of SIAT’s growth.”

About SIAT Group
SIAT Group is an international, state-of-the-art manufacturer for transit packaging machinery and the global market leader for taping machinery with a strong position in pallet wrapping machinery and strapping tools and strapping heads. The Company is headquartered in Turate, Italy. Its products play a mission-critical role in the preparation and protection of packaged goods and are used by a broad range of international blue chip customers and SME’s in numerous attractive industries such as ecommerce, food production, distribution and logistics across the globe.

About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with $48 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, Bogotá, Rio de Janeiro and São Paulo, 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.
  4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

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.