H.I.G. Capital Completes Office Building Investment in France
LONDON – August 9, 2016 – H.I.G. Capital, LLC ("H.I.G."), a leading global private equity and alternative asset investment firm with €18 billion of equity capital under management, announced today that one of its affiliates has completed an investment in an office building asset in Paris. The asset is located in the 17th Arrondissement of Paris. The asset, currently vacant and acquired off-market, represents an opportunity through extensive refurbishment to create high quality office space in the business district of Paris, where good quality supply is limited and forecast demand is strong.
The transaction represents H.I.G.’s 30th real estate investment in Europe since the start of 2013. H.I.G. continues to add to its sizeable portfolio of Real Estate assets in Europe, consisting of both equity as well as debt investments, with a particular focus on its target market of value-added small/midcap opportunities.
Riccardo Dallolio, Managing Director at H.I.G. in London commented: “This is our first real estate investment in France. The French market represents an important part of our European strategy and we continue to actively look at opportunities in the small/midcap sector in the country across all asset classes and across the capital structure”.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with €18 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta 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 in 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.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
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 100 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 managed by H.I.G. Capital and affiliates.