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H.I.G. Capital Invests in Italian Shopping Centre and Office Building
LONDON – January 16, 2017 – H.I.G. Capital, LLC ("H.I.G."), a leading global private equity and alternative asset investment firm with €20 billion of equity capital under management, announced that one of its affiliates has completed an investment in a real estate portfolio composed of a shopping centre located in Piedmont and an office building located in the Milan metropolitan area. Financial terms were not disclosed.
The shopping centre "Le Isole" of Gravellona Toce (VCO) is dominant in its catchment area and comprises approximately 8,500 sqm of gross leasable area. The office building is located in Vimodrone (MI) in the Eastern periphery of Milan. It comprises approximately 12,000 sqm and it is fully leased to primary international tenants.
Riccardo Dallolio, Managing Director at H.I.G. in London, commented, "This is our seventh investment in Italy in the past two years. Italy represents a key focus for our European strategy and we continue to seek additional small and mid-cap, value-add, investment opportunities to increase H.I.G.'s presence in this market".
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with €20 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, Bogotá, México City 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. Capital’s equity funds invest in management buyouts, recapitalisations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G. Capital’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 www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.