BOSTON, Jan. 14, 2026 /PRNewswire/ -- H.I.G. Growth Partners ("H.I.G. 
Growth"), the dedicated growth capital investment affiliate of H.I.G. 
Capital, a leading global alternative investment firm with $74 billion 
of capital under management, is pleased to announce that it has sold a 
minority stake in its portfolio company myKaarma, a leading provider of 
end-to-end service lane solutions for automotive dealerships, to Warburg 
Pincus, a leading global growth investing firm. As part of the 
transaction, Warburg Pincus will join the board of directors of 
myKaarma. 
 
 
 
   Headquartered in Long Beach, California, myKaarma offers a comprehensive, 
cloud-native Workflow AI platform built for franchise auto dealerships. 
The company's suite of solutions streamlines service leads, operations, 
and payments, enhances customer experience, and improves service advisor 
and technician efficiency to drive measurable revenue improvement. Since 
H.I.G. Growth's initial investment, myKaarma has experienced strong 
growth through product innovation, category expansion, operational 
execution, and a loyal and growing customer base. 
 
 
   Warburg Pincus brings extensive experience in automotive software and 
next-generation technologies, including a deep understanding of 
generative and agentic AI. The firm's track record of scaling 
middle-market software companies through operational expertise and 
strategic support, will help to position myKaarma for continued success 
in its next phase of growth. 
 
 
   "We are proud of the transformation and growth myKaarma has achieved 
during our ownership," said Evan Karp, Managing Director at H.I.G. "We 
believe Warburg Pincus is a great addition as a long-term partner to 
support the company's continued innovation and expansion, given their 
deep domain expertise and strong history of scaling software 
businesses." 
 
 
   "In partnership with the H.I.G. Growth team, myKaarma has more than 
tripled in size since 2022, and we believe the most exciting, AI-enabled 
growth opportunities still lie ahead. We are thrilled to now have 
Warburg Pincus join as a significant investor in our company. With both 
H.I.G. and Warburg's operational support and experience, we are poised 
to become the dominant player in service lane and fixed ops technology," 
said Ujj Nath, CEO of myKaarma. 
 
 
   "myKaarma is the market leader in service marketing, service lane 
technology, and dealership payments, distinguished by its exceptional 
customer advocacy. Fixed operations remains a critical profit engine for 
dealerships and OEMs, and myKaarma leverages innovative AI and embedded 
finance solutions to help clients deliver best-in-class consumer 
outcomes. We look forward to applying our expertise in automotive 
technology, integrated payments, and generative AI to support the 
company's continued growth," said Michael Ding, Managing Director, 
Warburg Pincus. 
 
 
   myKaarma was advised by Houlihan Lokey and TD Securities. RBC Capital 
Markets served as financial advisor to Warburg Pincus. 
 
 
   About myKaarma 
 
 
   myKaarma is a leading provider of cloud-based software solutions that 
transform the after-sales service experience at automotive dealerships. 
Its integrated platform includes communications, appointment scheduling, 
payments, video inspections, and analytics tools used by thousands of 
dealers to increase efficiency, customer satisfaction, and 
profitability. For more information, visit mykaarma.com. 
 
 
   About H.I.G. Growth Partners 
 
 
   H.I.G. Growth Partners is the dedicated growth capital investment 
affiliate of H.I.G. Capital, a leading global alternative investment 
firm with $74 billion of capital under management.* H.I.G. Growth seeks 
to make both majority and minority investments in strong, 
growth-oriented businesses located throughout North America, Europe, and 
Latin America. H.I.G. Growth Partners considers investments across all 
industries but focuses on certain high-growth sectors where it has 
extensive in-house expertise, such as technology, healthcare, internet 
and media, consumer products, and technology-enabled financial and 
business services. H.I.G. Growth strives to work closely with its 
management teams to serve as an experienced resource, providing 
broad-based strategic, operational, recruiting, and financial management 
services from a vast in-house team and a substantial network of 
third-party relationships. For more information, please refer to the 
H.I.G. website at HIGgrowth.com. 
 
 
   *Based on total capital raised by H.I.G. Capital and its affiliates. 
 
 
   About Warburg Pincus 
 
 
   Warburg Pincus LLC is the pioneer of global growth investing. A private 
partnership since 1966, the firm has the flexibility and experience to 
focus on helping investors and management teams achieve enduring success 
across market cycles. Today, the firm has more than $100 billion in 
assets under management, and more than 215 companies in their active 
portfolio, diversified across stages, sectors, and geographies. Warburg 
Pincus has invested in more than 1,100 companies across its private 
equity, real estate, and capital solutions strategies. 
 
 
   Warburg Pincus' Capital Solutions team collaborates closely with the 
firm's 290+ investment professionals and approximately 75 value creation 
executives across Warburg Pincus' global industry verticals, critical to 
sourcing and underwriting differentiated, attractive investments. In 
addition to a long and successful track record of investing in capital 
solutions-like transactions historically, the Warburg Pincus Capital 
Solutions Founders Fund portfolio consists of investments including 
DriveCentric, Excelitas Technologies, MB2 Dental, MIAX, Nord Security, 
Service Compression, and United Trust Bank. 
 
 
   The firm is headquartered in New York with more than 15 offices 
globally. For more information, please visit warburgpincus.com or follow 
us on LinkedIn. 
 
 
   Contact: 
 
   Evan Karp 
 
   Managing Director 
 
 
   ekarp@higgrowth.com 
 
   H.I.G. Growth Partners 
 
   800 Boylston St 
 
   Suite 910 
 
   Boston, MA 02199 
 
   P: 617.262.8455 
 
 
   higgrowth.com 
 
 
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   SOURCE H.I.G. Growth Partners 
 
 
 
 
 
 

(END) Dow Jones Newswires

January 14, 2026 10:37 ET (15:37 GMT)