The amount of the deal was not disclosed.
The investment will support the company’s expansion plan through dedicated stores, other sales channels and international expansion.
Founded in 1980 by Ari Svartsnaider and Alberto Zyngier, Mr. Cat offers a complete line of men’s and women’s shoes, as well as accessories under the Mr. Cat brand. The company operates through a network of more than 200 dedicated stores in 26 Brazilian states, both corporate and franchisee owned.
The current shareholders of Mr. Cat will remain shareholders after H.I.G.’s investment.