H.I.G. Capital completed the acquisition of a majority stake in Berardi Bullonerie.

H.I.G. Capital, a private equity and alternative assets investment firm, completed the acquisition of a majority stake in Berardi Bullonerie, a firm engaged int the wholesale distribution of fasteners and general hardware. Financial terms were not disclosed. "The entry of an international alternative investment fund such as H.I.G. in Berardi represents a recognition of the work carried out over the years and of the great growth potential of our Company, which has a leading position in the sector and a growing share of high value-added services. With the support of H.I.G., Berardi will be able to develop faster, thanks to a combination of organic growth and targeted acquisitions," Giovanni Berardi, Berardi CEO and Current Shareholder.