Tuesday, July 7, 2015

H.I.G. Capital Buys Intelius

San Francisco-based private equity investor H.I.G. Capital said today that it has completed its acquisition of online background check provider Intelius. Financial term of the buy were not disclosed, however, reports say the deal is worth more than $100M. Intelius has named Prakash Kondepudi as the new CEO of the company in conjunction with the deal, replacing founder Naveen Jain.