H.I.G. Capital Promotes Rick Rosen to Managing Director

Miami, FL – July 21, 2003 – H.I.G. Capital LLC, the Miami-based private equity firm, today announced the promotion of Rick Rosen to Managing Director.

Rick Rosen has been with H.I.G. for five years. He has been responsible for numerous investments in a wide range of industries with a focus on business services and light manufacturing. Prior to joining H.I.G., Mr. Rosen worked at the General Electric Company and GE Capital. As part of their Corporate Mergers & Acquisitions teams, he coordinated a variety of strategic acquisitions in the financial services, plastics, medical systems and electrical distribution industries. Before joining the M&A group, Mr. Rosen was a member of GE’s Finance Staff, where he helped design and implement improved operating processes for several GE Capital business units. Mr. Rosen received his undergraduate degree with Honors from Stanford University and earned his M.B.A. from Harvard Business School.

Commenting on the Mr. Rosen’s promotion, Sami Mnaymneh and Anthony Tamer, co-founders and Managing Partners of H.I.G., noted “Rick has been an important part of H.I.G.’s growth since joining the firm in 1998. We are excited to have him join the partnership and expand his role in the firm’s investments.”

Founded in 1993, H..I.G. Capital is a leading private equity and venture capital investment firm with more than $1.5 billion of equity capital under management. Based in Miami, Florida, and with offices in Atlanta, Boston, and San Francisco, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of well-established, profitable, and well-managed manufacturing or service businesses, and in promising early-stage technology companies. Since its founding, H.I.G. has made more than fifty highly successful investments, acquiring companies with combined revenues in excess of $5 billion.