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H.I.G. Capital Completes the Re-Development of a Mixed-Use Asset in Mannheim, Germany

November 20, 2019 GMT

LONDON--(BUSINESS WIRE)--Nov 20, 2019--

H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with over $34 billion of equity capital under management, announced today that one of its affiliates has acquired and successfully completed the re-development of a mixed use asset totalling approximately 11,500 sqm in the centre of Mannheim, Germany. The asset is now fully pre-let on a long-term basis. Terms were not disclosed.

H.I.G. continues to add to its sizeable holdings of real estate assets across Europe, consisting of both equity as well as debt investments, with a focus on its target market of value-add small and midcap opportunities.

Riccardo Dallolio, Managing Director and Head of H.I.G. Realty Partners Europe, commented: “This is our third investment in Germany in the last two years, and our focus continues to be on delivering highly liquid institutional products as a result of well executed value-add initiatives.”

Tuna Atay, Director at H.I.G. Realty Partners Europe, added: “This transaction further demonstrates our strong capabilities in Germany and our ability to significantly improve an asset through a proactive refurbishment and leasing strategy.”

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets investment firm with over $34 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, Rio de Janeiro, São Paulo and Bogotá, 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:

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005435/en/

CONTACT: Riccardo Dallolio

Managing Director

rdallolio@higrealty.com

H.I.G. Capital

P +44 (0) 207 318 5700

F +44 (0) 207 318 5749

www.higcapital.com

KEYWORD: NORTH AMERICA UNITED STATES UNITED KINGDOM EUROPE GERMANY

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY FINANCE BUILDING SYSTEMS BANKING PROFESSIONAL SERVICES OTHER CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: H.I.G. Capital, LLC

Copyright Business Wire 2019.

PUB: 11/20/2019 07:05 AM/DISC: 11/20/2019 07:05 AM

http://www.businesswire.com/news/home/20191120005435/en