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HIG Capital Sells Ideal Image


After successfully investing in Ideal Image and providing the needed support for the Company to achieve its growth objectives, HIG Capital announces the sale of the Company.

Miami, FL, November 11, 2011 --(PR.com)-- Craig Burson, a Managing Director of HIG Capital, said the following regarding the sale, “We are proud to have supported the Ideal Image team and their unique value position in the growing, attractive laser hair removal market. They have developed an extremely robust platform which includes best-in-class medical training, marketing, R&D, IT, recruiting, site selection and customer service. The Ideal Image team has been able to grow its corporate center count by over ten times during our investment period, resulting in the nation’s largest dedicated provider in the sector, and an outstanding investment outcome for HIG Capital and its investors.”

As a Managing Director at HIG, Craig has invested in a broad number of industries including consumer, information technology, industrial and healthcare. Craig focuses his investments on growing businesses that have the ability to change the status quo of their industry through transforming technologies and services. His current portfolio investments include: FrameMax, HexaTech, HyperBranch Medical Technology, Nexidia, and Optellios.
He previously invested in Calix (CALX), CYA Technologies (acquired by enChoice), eMedicine (acquired by WebMD), Ideal Image (acquired by Steiner Leisure Limited STNR), Oncogenex (OGXI), OptXcon (acquired by Optical Solutions), Optical Solutions (acquired by Calix) and Savvion (acquired by Progress Software).

Prior to joining HIG, Craig was a member of Raymond James & Associates technology investment banking practice where he was active in public offerings, private placements and mergers & acquisitions. In addition, Craig worked for the Boston Consulting Group doing analysis in a number of different industry segments. Prior to the Boston Consulting Group, Craig held management positions in engineering, sales, marketing and new business development with the Dow Chemical Company. His focus at Dow Chemical was on the healthcare, semiconductor, water treatment, mining and oil & gas industries. Craig also served as business development leader at Schlumberger where he was involved in advanced oil and gas well treatment technologies and Mobil Oil, where he worked as an engineer on the Parachute, CO oil shale project. He also spent some time working in the trenches as a roust-a-bout for Phillips Petroleum. Additionally, he is the founder of Aqua Molecular Inc., a firm that provided advanced water purification technologies to the industrial and consumer markets.

Craig earned a Bachelor of Science degree in Mining Engineering from the Colorado School of Mines and an M.B.A. from Harvard Business School.

HIG Capital is a leading global private equity investment firm based in Miami. The firm has more than $8.5 billion of capital under management. HIG specializes in providing capital to small and medium sized businesses and has offices in Atlanta, Boston, New York and San Francisco, as well as Hamburg, London and Paris in Europe.

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Contact Information
H.I.G. Capital
Craig Burson
305-379-2322
Contact
www.higcapital.com

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