RIO DE JANEIRO--(BUSINESS WIRE)--H.I.G. Capital ("H.I.G."), a leading global private equity investment firm with more than $20 billion of equity capital under management, is pleased to announce that its portfolio company, Office Total S.A. (“Office Total”), has acquired Xsol Soluções Tecnológicas (“Xsol”). Office Total is a leading independent provider of Managed Print Services (MPS) in Brazil.
Headquartered in Rio de Janeiro, Xsol outsources and sells a wide range of office equipment including printers, projectors and monitors. Xsol also provides ongoing technical support and maintenance services to small and mid-sized clients, located primarily in Rio de Janeiro.
“Xsol represents a highly strategic and complementary acquisition for Office Total. We have known Xsol management for years and they have built an excellent reputation based on providing customers with quality service. With the merger of both companies, we will continue delivering outstanding service in collaboration with our valued employees," said Andre Vinicius, CEO of Office Total.
Fernando Marques Oliveira, Managing Director and Head of H.I.G. Latin America, said: “The merger of both companies will further solidify Office Total’s position as one of the largest independent players in the Brazilian MPS market.”
About Office Total
Founded by Ivo Schmidt and Roberto Zani, two former executives from IBM, Office Total is the leading MPS provider in Rio de Janeiro. The Company outsources and commercializes a wide range of equipment from several suppliers. With over 200 employees, Office Total is among the largest buyers of printers in Brazil. For more information, please visit www.officetotal.com.br/.
About Xsol Soluções Tecnológicas
Founded in 2005 and headquartered in Rio de Janeiro, Xsol is a MPS provider in Rio de Janeiro. The Company primarily outsources and sells printers and is among the top 3 purchasers of Xerox printers in Brazil. The Company has approximately 80 employees and clients across various sectors. For more information, please visit www.xsol.com.br.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $20 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 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. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
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 managed by H.I.G. Capital and affiliates.