H.I.G agrees debt investment into UK data centres

By Paul Norman - Thursday, July 13, 2017 9:16

H.I.G. Realty Partners has completed a structured debt investment into the UK data centre industry.

H.I.G. has participated in the debt syndication to assist VIRTUS Data Centres, a mid-market co-location data center company operating in the London market, to refinance its existing facilities and further fund its expansion strategy. Terms were not disclosed.

H.I.G. continues to add to itsportfolio 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 and Head of Real Estate Europe at H.I.G. Realty in London, said:”This transaction further 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 U.K. market."

Graham Emmett, managing director at H.I.G. Realty in London, added: “VIRTUS is a top-tier award-winning data center operator with a strong track-record and a proven business model. We are delighted to work alongside the VIRTUS management team to help them pursue the company’s growth ambition."

H.I.G. is a leading global private equity and alternative assets investment firm with over €20bn 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. specialises in providing both debt and equity capital to small and mid-sized companies, utilising a flexible and operationally focused/ value-added approach:

H.I.G.’s equity funds invest in management buyouts, recapitalisations 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.

H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's portfolio includes more than 100 companies with combined sales in excess of €28bn. 

pnorman@costar.co.uk

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