SAN FRANCISCO--(BUSINESS WIRE)--H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with more than $18 billion of equity capital, announced that an affiliate has completed the acquisition of Intelius (“Intelius” or the “Company”) a leading online provider of people-related information for consumers.
Intelius is a leading provider of on-demand information about individuals and predictive analytics that can help identify connections to other people, places and things. Headquartered in Bellevue, Washington, the privately-held company has been in business since 2003 and has sold more than 50 million reports.
“We are pleased to support Intelius, a leading provider of online consumer information services,” commented Elliot Maluth, a Managing Director of H.I.G. Capital. “We view Intelius as a strong cash flow business with tremendous growth opportunities moving forward.”
“This transaction enables us to focus solely on our core Intelius business and to re-invest in ways that help us to better support customers and to grow our leadership position,” commented Prakash Kondepudi, Chief Executive Officer of Intelius, who is replacing Intelius’ founder Naveen Jain in this role. Kondepudi has served as the President of the Intelius Division for the past five years.
Intelius is an information commerce company founded in 2003 that has become a leader in online people data, delivering comprehensive information about individuals, their histories and their connections to others. Intelius offers cloud-based solutions through desktop and mobile applications. Reports and services range from basic people search results to detailed background reports to a comprehensive identity theft protection service. Intelius has a robust and proprietary technology platform that gathers billions of public records from a large network of publicly and commercially-available sources and assigns such records to more than 250 million unique profiles in the United States. Intelius services 300 million monthly requests for access to its databases. In addition to retrieving historical and current data, Intelius leverages proprietary genomic technology to identify connections between people, places and things to reveal insights. More information about the Company and its products can be viewed online at www.intelius.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with more than $18 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, 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. Other H.I.G. funds invest in various real assets, including real estate and shipping.
Since its founding in 1993, H.I.G. has invested in and managed more than 200 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 to funds managed by H.I.G. Capital and its affiliates.