HIG

I know there have been a couple of threads on these guys before, but not much information. Was wondering if anyone , has any insights on them. They have top quartile returns, a reasonable HBS contingent. Any insights about junior experience, culture etc. etc.? Hoping to get some responses from the board.

 

We did a number of deals for HIG while I was in banking, and the impression I got was that they were all very sharp guys. I interviewed with them as well (ended up cutting it off to take another offer) and the interviews were hell - multiple phone rounds, in person superday requiring travel on a weekday on extremely short notice (2 days) and a case study.

I don't personally know anyone that works there, but I have heard that the hours are on the high end for PE. It is in Boca Raton though, so that must be nice. Very strong reputation in the middle market as well.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

I've heard them described as "predatory" in their business practices. If you've got the opportunity to work with them, go for it, but for my personal taste, HIG wouldn't be my cup of tea.

 

Thanks guys for chipping in with your thoughts. sofib09: would you mind elaborating a little more on the "predatory" part and how that breaks the deal for you. Always interesting to understand how other people are thinking. PublicEquity1: Thats correct their are in Miami and not Boca. Do you have friends who are or have worked there or do you tend to have market information on them from hearsay etc. Captk: If you dont mind me asking, which bank were you at on these deals. My understanding seems to be that they work less with the BBs given the Mid-market nature of the deals.

 
Best Response
acaan:
Captk: If you dont mind me asking, which bank were you at on these deals. My understanding seems to be that they work less with the BBs given the Mid-market nature of the deals.

Also can you elaborate on the higher end hours part. Im guessing given that you worked live with them, you would be in a position to have a more granular view here. Tks

I used to work at a well-regarded MM bank, and yes, HIG is far more active in the middle market (where they enjoy a pretty good reputation). My comment with regard to their hours is anecdotal, as the associates (I guess HIG calls them analysts) I worked with were often at the office and responding to emails as late as I was, which isn't always the case with some other firms in my experience.

Also, PublicEquity1 - bite me. I interviewed for their NYC office, and it was a while ago.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

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