MADRID--(BUSINESS WIRE)--H.I.G. Capital, a leading global investment firm, announced today that its affiliate has completed the sale of Parque Ceuta Shopping Center to a consortium of private investors. The scheme, comprising 14,500 square meters and mainly let to Eroski, Inditex, C&A and Cortefiel, was inaugurated in 2002 and acquired by H.I.G. Capital in January 2014.
Ahmed Hamdani, Managing Director at H.I.G. in London commented: “This is the second successful exit from our Real Estate portfolio in the last nine months. H.I.G. has completed 18 acquisitions in the small and mid-cap European Real Estate value add segment during the past three years and we continue to see interesting opportunities in Spain and across the continent”.
Adolfo Favieres, Director at H.I.G. in Madrid added: “We are pleased to announce this transaction as it demonstrates our ability to create value through an active management of the asset over a short period of time”.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with more than €17 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:
1. 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.
2. 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.
3. 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 100 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.
