H.I.G. Capital LLC and Reprise Management Group have jointly acquired a stake in TRAKAmerica, which provides analytics and legal services to card issuers and buyers of charged-off debts.
The private-equity firms did not say how much they paid for the stake, or its size, when they announced the purchase last week. TRAKAmerica's founder, Tom Milana Jr.; its chief executive officer, Thomas Dalessandro; and its president, Vincent Iacono; retained "significant" equity in the Naples, Fla., firm and the management team stayed, H.I.G. said.