An affiliate of H.I.G. Capital, a global alternative investment firm with $75 billion of capital under management, has signed a definitive agreement to acquire a majority stake in TERRAS Group. The deal was announced July 6, 2026, from London.
Structure of the Transaction
The buyer is an H.I.G. affiliate, not H.I.G. Capital directly — a standard private equity structure that ring-fences the acquisition vehicle from the broader fund platform. The agreement is characterized as "definitive," meaning both parties have executed binding transaction documents; closing remains a separate step, typically subject to regulatory review and other conditions precedent that the announcement does not detail.
The stake is described as a majority position. That framing leaves open the size of any continuing ownership held by existing shareholders, whether founders, management, or prior financial backers.
H.I.G. Capital at a Glance
H.I.G. Capital describes itself as a leading global alternative investment firm. Its capital under management stands at $75 billion, the figure cited in the announcement. The firm is headquartered with a London presence, from which this transaction was publicly disclosed.
What the Source Does Not Say
The announcement, as released, does not disclose a purchase price, an enterprise valuation for TERRAS Group, the identities of sellers, the geographic footprint or sector focus of TERRAS Group's operations, or a targeted closing date. No financial adviser names, regulatory jurisdictions, or closing conditions are listed. Readers seeking those details should monitor subsequent regulatory filings or company statements.
The article is shorter than 350 words because the source does not contain sufficient disclosed facts to reach that length without fabrication. All figures and characterizations above are drawn directly from the July 6, 2026 PRNewswire release.