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H.I.G. Capital Funds the Acquisition of a Logistic Warehouse in Barcelona, Spain
MADRID – June 1, 2015 – H.I.G. Capital, a leading global investment firm, announced that an affiliate has completed the financing of the acquisition of a 48,000 square meters, high-quality warehouse in the outskirts of Barcelona for an undisclosed amount.
The transaction represents H.I.G. Capital's 17th 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 small/midcap opportunities.
Ahmed Hamdani, Managing Director at H.I.G. in London commented: “This transaction demonstrates our ability to invest across the capital structure in different asset classes and jurisdictions. We continue to see interesting small/midcap value add opportunities in the Spanish market”.
Adolfo Favieres, Director at H.I.G. in Madrid added: “We are pleased to complete our fourth transaction in Spain and our first investment in the Spanish logistics market. We see significant value in the sector and expect to grow our investment in it in the future”.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with more than €13 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:
- 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.
- 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 80 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.