Texbond – producer of specialty polypropylene nonwovens

H.I.G. Europe (“H.I.G.”), the European arm of global private equity firm
H.I.G. Capital, announced today that it has acquired a controlling
interest in Texbond, a producer of specialty polypropylene nonwovens.
Founded in Rovereto (in the Trentino region of northern Italy) in 1988,
Texbond specialises in nonwovens for specialty applications in the
hygienic, medical, construction, automotive, household and agricultural
industries. Terms were not disclosed.
Texbond - producer of specialty polypropylene nonwovens

With its continuous investment in R&D and a constant focus on process
efficiency and innovation, Texbond is currently one of the leading
European producers of artificial fibres with a leading position in the
development and manufacture of specialty products.

The founder and Chairman, Giuseppe Gaspari, and the CEO, Cristina
Parisi, have invested in the transaction alongside H.I.G., providing
management continuity as well as technical and strategic expertise to
support the growth plans.

Raffaele Legnani, Managing Director and head of H.I.G. in Italy,
commented: “We believe that Texbond is a unique player in the
industry which can serve as a platform for a buy and build strategy at a
global level, capitalizing on H.I.G.’s international network and
financial resources to support the development plan. Jonathan Bourget,
senior advisor to H.I.G., with extensive experience in the industry, has
also invested in the transaction and will assist us in scouting and
analysing acquisition opportunities.”

Giuseppe Gaspari, Chairman of Texbond, added: “The partnership
with H.I.G. represents an important milestone for the growth of Texbond
that will allow us to expand our presence in Europe, which is a very
fragmented market, and in the US. We believe that Texbond’s technical
expertise and its highly effective management team, led by the CEO
Cristina Parisi, are an important competitive advantage.”

About Texbond

Founded in Rovereto (in the Trentino region, northern Italy) in 1988 by
Giuseppe Gaspari, Texbond is a leading European producer of specialty
polypropylene nonwovens. Texbond’s products are designed and developed
to meet specific technical client needs and are manufactured with highly
sophisticated lines for specific “niche” applications in a number of
industries, such as hygienic, medical, construction, automotive,
household and agriculture.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets
investment firm with over €18 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 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, recapitalisations
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 €22 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

Texbond – producer of specialty polypropylene nonwovens

H.I.G. Europe
Raffaele Legnani, P +39 02 45 37 5200
+39 02 45 37 5250

Texbond – producer of specialty polypropylene nonwovens