H.I.G. Realty sells apartment portfolio for $131.5 mln

H.I.G. Realty Partners said Wednesday it sold an eleven building, 296 unit rental apartment portfolio for $131.5 million. The portfolio is located in New York City. H.I.G. Realty, the real estate platform of H.I.G. Capital, acquired the portfolio in November 2012 for $73 million.

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H.I.G. sells Dent Wizard to Gridiron Capital

Gridiron Capital has acquired Dent Wizard International from H.I.G. Capital. No financial terms were disclosed. Based in St. Louis, Missouri, Dent Wizard is a provider of automotive reconditioning services.

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H.I.G. Europe buys Adelie Foods

H.I.G. Europe, the European arm of H.I.G. Capital, has completed its buy of Adelie Foods. The India Hospitality Corporation, led by entrepreneurs Ravi Deol and Sandeep Vyas, was the seller and will maintain a minority equity stake. Financial terms weren’t announced. London-based Adelie provides sandwich products to supermarkets, coffee shops and the food service sector.

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Harrison Gypsum buys J.A. Jack & Sons

Harrison Gypsum, which is backed by H.I.G. Capital, has acquired J.A. Jack & Sons Inc. Financial terms weren’t announced. J.A. Jack is a miner and processor of limestone products, sold into building products, glass, plaster, agriculture, animal nutrition, and coatings applications.

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H.I.G. Growth Partners makes Shah an MD

H.I.G. Growth Partners LLC, the growth capital unit of H.I.G. Capital LLC, said Tuesday it promoted Nik Shah to MD. He joined H.I.G. in 2007 and has been responsible for investments in industries including technology, digital media, marketing and business services.

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H.I.G. Capital completes The Newark Group add-on

H.I.G. Capital-backed Caraustar Industries, Inc., has completed the acquisition of The Newark Group Inc., which makes recycled paperboard, linerboard, industrial tubes, cores and other converted products. Financing for the deal was provided by Credit Suisse Securities (USA) LLC, Jefferies LLC, Wells Fargo Capital Finance and Regions Business Capital.

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H.I.G. makes second Italian NPL investment

H.I.G. Capital said Wednesday that it invested through an Italian securitization in a portfolio of non-performing loans originated by Group Cassa di Risparmio di Cesena. Financial terms of the deal, which closed Jan. 29, weren’t announced. The portfolio comprises 52 non-performing loans backed by a mixture of residential and commercial real estate, mainly in the regions of Emilia-Romagna and Marche in Northern Italy. The transaction is H.I.G.’s fourteenth real estate investment in Europe since 2013 and its second NPL investment in Italy.

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Franklin Square backs PE-owned Dent Wizard’s dividend recap

Franklin Square Capital Partners has provided unitranche financing to support the dividend recapitalization of car reconditioning company Dent Wizard International Corp. No financial terms were disclosed. Based in Bridgeton, Missouri, Dent Wizard is owned by H.I.G. Capital.

LG lugar de gente buys W3net

LG lugar de gente, a portfolio company of H.I.G. Capital, has acquired W3net. Financial terms weren’t announced. W3net, of Minas Gerais, Brazil, provides SaaS human resources management software.

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H.I.G. Capital hires Dallolio to co-head European real estate

H.I.G. Capital has hired Riccardo Dallolio as managing director and co-head of European Real Estate from AXA RE, where he was head of alternatives and special situations. Dallolio will be based in London and share leadership responsibilities with Ahmed Hamdani. H.I.G. Capital’s real estate platform focuses on opportunistic real estate investments.

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H.I.G. Capital invests in Aviapartner

H.I.G. Capital has acquired a majority stake in Aviapartner. No financial terms were disclosed. Aviapartner is a European provider of airport ground handling services for passengers and aircraft.

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