H.I.G. Capital LLC has acquired a portfolio of 16 predominantly grocery store-anchored retail assets in Norway. Financial terms weren’t announced.
LONDON–(BUSINESS WIRE)–H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity investment firm with €17 billion of equity capital under management, announced today that an affiliate has completed the acquisition of a portfolio of 16 predominantly grocery store-anchored retail assets in Norway, let to the two leading grocery retailers in the country.
The transaction represents H.I.G. Capital’s 22nd 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 investment in Norway and the second in the Nordics in the last 18 months. The Nordics market represents an important part of our European strategy and we continue to actively look at opportunities in the small/midcap sector in the region.”
Seb d’Avanzo, Principal at H.I.G. added: “This transaction further demonstrates our ability to leverage our local relationships in the Nordics by securing a portfolio of assets with solid, defensive income in place, but where we can add value through various asset management initiatives.”
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with €17 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, 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:
1. 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.
2. 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.
3. 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 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 to funds managed by H.I.G. Capital and its affiliates.