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H.I.G. Capital Acquires the Grosvenor Shopping Centre in Chester, U.K.
LONDON – May 18, 2015 – H.I.G. Capital, a leading global investment firm, announced that its affiliate has completed the acquisition of the Grosvenor Shopping Centre in Chester for a purchase price of approximately £65 million.
The transaction represents H.I.G. Capital's 16th 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, especially in its target market of small/midcap opportunities with a meaningful value-added component.
Riccardo Dallolio, Managing Director at H.I.G. in London commented: “This investment demonstrates our ability to secure value added assets in the UK market. In this respect, our speed of execution and flexible approach gave us a competitive edge. We will continue to acquire assets where we see an opportunity to add value by enhancing the income and quality of the asset.”
Seb d’Avanzo, Director at H.I.G. added: “We are pleased to complete this transaction, which presents us with an opportunity to reposition the dominant retail asset in Chester.”
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.