H.I.G. Capital Exit Portfolio of Light Industrial Multi-let Properties in the Netherlands
H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity and alternative asset investment firm with more than €20 billion of equity capital under management, has completed the sale of a portfolio of 26 light industrial multi-let properties with a total size of 264,000 sqm to real estate funds managed by Blackstone. Financial terms were not disclosed.
H.I.G. purchased the portfolio in 3 tranches in 2013 and 2014, which consisted primarily of high yielding multi-let industrial assets in the Netherlands.
Riccardo Dallolio, Managing Director at H.I.G. Realty Partners in London, commented: “This transaction is a great example of H.I.G.’s value-added approach and has resulted in another exit with an excellent outcome for H.I.G and its investors”.
Sanjoy Chattopadhyay, Principal at H.I.G. Realty Partners in London added: “H.I.G. purchased undermanaged assets, and through a series of targeted asset management initiatives and an aggregation strategy, we have built a high-quality portfolio with critical mass, which was successfully sold to a strategic buyer”.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with more than €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, Mexico 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:
Source H.I.G Capital’s press release