Eversheds Sutherland supports H.I.G. Capital investment

In a notable transaction, Eversheds Sutherland has provided legal counsel to its long-standing client H.I.G. Capital regarding their investment in Phoenix ME. Founded in 1931, Phoenix ME stands out as a leading provider of mechanical and electrical system design, installation, and commissioning services, having established itself through the delivery of complex projects across diverse sectors. These sectors include data centres, commercial offices, banking, infrastructure, life sciences, and hotels, as the company continues to spearhead major developments throughout the UK and Europe.

H.I.G. Capital, recognised as a prominent global alternative investment firm, boasts an impressive $75 billion of capital under management. The firm primarily focuses on the mid-cap segment of the market, deploying investments across various asset classes and strategies. H.I.G. Capital closely collaborates with management teams and entrepreneurs, aiming to significantly enhance business value through its investments.

The Eversheds Sutherland team that advised H.I.G. Capital was led by Partner Richard Moulton. He was supported by Partner Ceri-Ann McGraa, Principal Associates Hannah Kaye and James Finney, Senior Associate Rebecca Roberts, and Associates Annafaye Dunbar, Jessica Waldron, and Haroon Javed. Moulton conveyed his thoughts on the transaction, stating, “We’re delighted to have acted on behalf of H.I.G. Capital on its investment into Phoenix ME. Having advised H.I.G. over many years, the transaction demonstrates the strength of the relationship we have built and the trust they place in our team to support their investment activity. It has been a pleasure working alongside H.I.G. on this investment and providing commercially focused, strategic advice throughout the process. We look forward to continuing to support the team on future opportunities.”

This transaction not only underscores the enduring partnership between Eversheds Sutherland and H.I.G. Capital but also reinforces H.I.G.’s strategy of investing in high-calibre businesses within essential sectors.