H.I.G. Capital News
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H.I.G. Capital Announces Strategic Growth Investment in Software Product Development Leader, 3Pillar Global
SAN FRANCISCO – November 23, 2021 – H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $45 billion of equity capital under management, is pleased to announce that an affiliate has made a significant strategic growth investment in 3Pillar Global (“3Pillar” or the “Company”), an international developer of cutting-edge digital products. With over 2,000 team members working out of 13 delivery centers across 4 continents, 3Pillar is a recognized global leader in the digital transformation sector.
“At 3Pillar, our industry-leading teams, our passion for digital innovation, and our unique customer-focused go-to-market strategy have driven over 15 years of tremendous growth,” said David DeWolf, Founder and CEO of 3Pillar. “This strategic growth investment from H.I.G. Capital will enable us to continue our goals of attracting and developing top engineering talent and accelerate our ability to become the preeminent product development specialists in the market.”
“Our strategic investment reflects our confidence in 3Pillar's outstanding capabilities and strong momentum in the multi-billion dollar digital transformation sector,” said Matthew Robinson, Managing Director at H.I.G. Capital. “3Pillar's unique culture attracts the best engineers globally and its emphasis on customer satisfaction were strong drivers in our investment decision. We are excited to back David and the team as they continue to rapidly scale.”
William Blair & Company served as the exclusive financial advisor to H.I.G. Capital. Guggenheim Securities LLC served as the exclusive financial advisor to 3Pillar Global; Kirkland & Ellis LLP served as legal counsel to H.I.G. for this transaction while Willkie Farr & Gallagher LLP represented the Company.
For more information on 3Pillar Global and their work building software products for digitally-transforming businesses, visit www.3pillarglobal.com.
About 3Pillar Global
3Pillar Global builds breakthrough software products that power digital businesses. 3Pillar is an innovative product development partner whose solutions drive rapid revenue, market share, and customer growth for industry leaders like CARFAX, Fortune, and PBS. Leveraging a lean and agile approach, 3Pillar delivers value-generating, digital solutions with specialized product strategy and management, user experience design, as well as software and data engineering expertise across mobile, cloud, and disruptive technologies. Visit www.3pillarglobal.com for more information and career opportunities. To learn more about the Product Mindset, visit www.productmindset.com and pick up a copy of “The Product Mindset: Succeed in the Digital Economy by Changing the Way Your Organization Thinks,” by 3Pillar CEO David DeWolf and Jessica Hall.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with over $45 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. 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.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.