Harris Williams Advises H.I.G. Capital on its Strategic Growth Investment in Cleo

Rhea-AI Summary

Harris Williams announced its advisory role for H.I.G. Capital's strategic investment in Cleo, a leader in ecosystem integration software. Cleo's platform enhances visibility across API, EDI, and non-EDI integrations, addressing the complexities enterprises face in the digital and e-commerce landscape. The investment aims to accelerate technology development, expedite product rollout, and expand into new sectors. H.I.G. Capital manages $44 billion in equity capital and has invested in over 300 companies worldwide, underscoring its commitment to the technology and software sectors.

Positive

• H.I.G. Capital's investment aims to accelerate Cleo's technology advancements.
• Expansion into new verticals is planned with the investment.
• Cleo's unique solutions address industry needs for multi-enterprise supply chain integration.

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• None.

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised an affiliate of H.I.G. Capital (H.I.G.) on its strategic growth investment in Cleo. Cleo is a next generation cloud-based ecosystem integration platform that brings together end-to-end integration visibility across API, EDI and non-EDI integrations. The transaction was led by Erik Szyndlar, Andy Leed and Priyanka Naithani of the Harris Williams Technology Group.

“Cleo has established itself as a category leader in ecosystem integration software, providing unique solutions to the challenges facing enterprises competing in today’s digital and highly interdependent e-commerce and software-driven world,” said Priyanka Naithani, a director at Harris Williams. “The need for multi-enterprise supply chain integration is particularly urgent in industries like manufacturing, logistics, wholesale distribution and retail, among others. In these industries, some of the core ERP and transaction systems are still running on legacy applications, while a new layer of cloud-based applications are being deployed using next-generation technologies. Cleo Integration Cloud simplifies the complexity this creates.”

“The complexity of deployments, including on-premises, hybrid, private and public, also add a level of difficulty that needs to be navigated,” added Erik Szyndlar, a managing director at Harris Williams. “H.I.G.’s investment will enable Cleo to continue to accelerate its technology investments, speed up the roll-out of its newest cloud products and expand into new verticals with its unique ecosystem integration platform, as well as accelerate its M&A strategy.”

H.I.G. is a leading global private equity and alternative assets investment firm with $44 billion of equity capital under management (based on total capital commitments to funds managed by H.I.G. and its affiliates). 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. Technology and Software in particular is one of the key sectors on which H.I.G. is strategically focused. 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.

Cleo is an ecosystem integration software company focused on business outcomes, ensuring each customer’s potential is realized by delivering solutions that make it easy to discover and create value through the movement and integration of B2B enterprise data. Cleo gives customers strategic, “outside-in” visibility into the critical end-to-end business flows happening across their ecosystems of partners and customers, marketplaces, and internal cloud and on-premise applications. The company’s solutions empower teams to drive business agility, accelerate onboarding, facilitate modernization of key business processes and capture new revenue streams by reimagining and remastering their digital ecosystem through robust application, B2B and data integration technologies.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams Technology Group advises leading private and public companies, founders, and private equity, growth equity and venture capital firms on mergers and acquisitions and capital-raising transactions worldwide. The Technology Group has deep domain expertise in software and technology-enabled services and dedicated focus areas across a variety of vertical software applications and end markets. For more information on the Technology Group and its recent transactions, visit the Technology Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

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FAQ

What company did H.I.G. Capital invest in?

H.I.G. Capital invested in Cleo, an ecosystem integration software company.

How much capital does H.I.G. Capital manage?

H.I.G. Capital manages $44 billion in equity capital.

What is Cleo's primary focus?

Cleo focuses on end-to-end integration visibility across various integration methods.

What is the goal of H.I.G.'s investment in Cleo?

The investment aims to enhance technology investments and accelerate product rollouts.

Who is the advisor for H.I.G. Capital's investment?

Harris Williams served as the advisor for H.I.G. Capital's investment in Cleo.