H.I.G. Capital Acquires a Portfolio of Grocery Store-Anchored Retail Assets in Finland
LONDON – December 5, 2014 – H.I.G. Capital, a leading global investment firm, announced today that its affiliate has completed the acquisition of a portfolio of 122 predominantly grocery store-anchored retail assets in Finland, let to the three leading grocery retailers in the country for a purchase price in excess of €100 million.
Ahmed Hamdani, Managing Director at H.I.G. in London commented, “This transaction represents H.I.G. Capital’s 13th real estate investment in Europe since 2013. H.I.G. continues to add to its sizeable portfolio of Real Estate assets in Europe and continues to see significant opportunities in the sector, especially in our target market of small/midcap opportunities with a meaningful value-added component. This is our first investment in Finland and we are very constructive on future opportunities in the country.”
Seb d’Avanzo, Director at H.I.G. added: “We are pleased to complete this transaction working closely with a first rate local partner Trevian.”
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with more than €13 billion of equity capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as on the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- Other H.I.G. funds invest in various real assets, including real estate and shipping.
Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 80 companies with combined sales in excess of €22 billion. For more information, please refer to the H.I.G. website at higcapital.com.
* Based on total capital commitments to funds managed by H.I.G. Capital and its affiliates.