H.I.G. Acquires Pegasus Financial Services

H.I.G. Capital has acquired Pegasus Financial Services, a former division of Pegasus Solutions. Prospect Capital provided $34.4 million in senior secured financing to support the acquisition. Founded in 1992 and based in Dallas, Pegasus is a processor of commissions paid by hotels to travel agencies. Its range of services include commissions receipt and disbursement, foreign currency exchange, and reconciliation and tracking services. Pegasus Solutions is a portfolio company of Prides Capital Partners, Belfer Management and Tudor Investment.

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