October 1, 2022

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H.I.G. Engineering Partners Will make a Strategic Expense in Mobileum

SAN FRANCISCO–(Business WIRE)–H.I.G. Cash (“H.I.G.”), a major world wide substitute investment decision agency with above $47 billion of equity funds under management, is happy to announce that an affiliate of H.I.G. Engineering Partners (“HTP”) has entered into a definitive agreement to make a strategic expense in Mobileum, Inc. (“Mobileum” or the “Company”) to enable the Corporation accelerate technological innovation investments and expansion enabled by the roll-out of 5G systems and non-public networks throughout the entire world. Adhering to the transaction, H.I.G. will be the vast majority owner of Mobileum alongside previous operator Audax, which will keep a minority stake. The transaction is topic to customary closing circumstances and essential regulatory approvals. Conditions were not disclosed.

Headquartered in Cupertino, CA, Mobileum is a foremost global software program provider of mission-essential answers that enable communications assistance vendors to regulate ever more intricate networks. The Enterprise serves a diversified, blue-chip client base, together with 35 of 36 world-wide Tier 1 telcos and 70% of Tier 2 telcos in about 190 nations around the world. Its ground breaking suite of apps delivers consumers with analytics-driven alternatives for roaming and community solutions, community stability, chance administration, connectivity testing, and subscriber intelligence. Mobileum operates in a large and growing marketplace as the increase of 5G and IoT speed up the demand from customers for options to regulate and maintain sophisticated community ecosystems, make certain regular top quality of provider, and reduce fraud and cybersecurity threats.

“We are fired up to welcome H.I.G. Funds as a lover as we continue to construct the leading world-wide analytics platform for communications assistance companies,” said Bobby Srinivasan, CEO of Mobileum. “H.I.G. has deep and related knowledge in the sector with a strong keep track of history. Doing work alongside one another, we intend to further more Mobileum’s mission to guidance telecom partners with current market major answers and capitalize on the progress in the broader telco application sector, like the significant chances introduced by 5G and personal networks.”

“We are business believers in the developing relevance of software-driven knowledge analytics and intelligence for the telecom field to aid the monetization of telecom connectivity and empower its next wave of expansion. Mobileum is the distinct sector leader in this room with a finest-in-course product platform and is very well-positioned at the forefront of rising technology shifts,” explained Timur Akazhanov and Nishant Nayyar, Handling Administrators at H.I.G. “We are thrilled to husband or wife with Bobby, the Mobileum crew, and Audax to speed up technologies investments and continue increasing with our telco partners.”

John Woyton, Head of H.I.G. Technologies Partners commented: “We are delighted to spend in Mobileum. This is the to start with investment decision manufactured by HTP, H.I.G.’s committed non-public fairness technologies system. Mobileum is an excellent suit with our tactic of applying our operational knowledge in partnership with management teams to create modern and large-overall performance firms that determine their industries.”

Kirkland & Ellis LLP served as lawful advisor to H.I.G. Jefferies served as unique economic advisor and Kirkland & Ellis LLP served as lawful advisor to Mobileum.

About Mobileum

Mobileum is a leading supplier of Telecom analytics answers for roaming, main community, stability, chance administration, domestic and global connectivity screening, and shopper intelligence. Extra than 1,000 customers depend on its Energetic Intelligence system, which gives sophisticated analytics solutions, allowing consumers to link deep community and operational intelligence with genuine-time actions that boost profits, strengthen purchaser experience and reduce expenditures. Headquartered in Silicon Valley, Mobileum has global offices in Australia, Argentina, Belgium, Brazil, Egypt, Germany, Greece, India, Indonesia, Malaysia, Mexico, Portugal, Singapore, Spain United Arab Emirates, and the Uk.

About H.I.G. Capital

H.I.G. is a primary global substitute property expenditure business with more than $47 billion of equity funds less than administration.* 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 global affiliate workplaces in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in supplying both of those debt and equity capital to smaller and mid-sized corporations, employing a versatile and operationally concentrated/ value-extra method:

  1. H.I.G.’s equity funds invest in administration buyouts, recapitalizations and corporate carve-outs of the two lucrative as very well as underperforming producing and service enterprises.
  2. H.I.G.’s credit card debt cash commit in senior, unitranche and junior debt financing to companies across the sizing spectrum, both on a most important (direct origination) basis, as perfectly as in the secondary markets. H.I.G. is also a major CLO supervisor, via its WhiteHorse loved ones of motor vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate money make investments in value-additional qualities, which can benefit from improved asset management tactics.
  4. H.I.G. Infrastructure focuses on earning value-insert and main furthermore investments in the infrastructure sector.

Because its founding in 1993, H.I.G. has invested in and managed extra than 300 firms around the world. The firm’s recent portfolio includes a lot more than 100 businesses with mixed sales in extra of $30 billion. For far more details, you should refer to the H.I.G. site at www.higcapital.com.

* Centered on complete funds commitments managed by H.I.G. Cash and affiliate marketers.