LONDON--(BUSINESS WIRE)--H.I.G. Capital, a leading global private equity investment firm, announced today that its affiliate has completed the acquisition of the Anchorage, a 218,000 square feet office building in Salford Quays, Manchester.
The transaction represents H.I.G. Capital's 19th real estate investment in Europe since the start of 2013. H.I.G. has assembled a sizeable portfolio of Real Estate assets in Europe and continues to see significant opportunities in that sector, especially in its target market of small/midcap opportunities with a meaningful value-added component.
Riccardo Dallolio, Managing Director at H.I.G. commented: “This transaction further demonstrates our ability to secure high quality real estate assets where we can add value through a hands-on approach in the UK. We continue to invest in the UK regions in locations that will benefit from the economic recovery.”
Seb d’Avanzo, Principal at H.I.G. added: “We are pleased to announce the completion of H.I.G. Capital’s fifth property transaction in the UK. Salford Quays is a fast changing and dynamic sub-market in Manchester which benefits from strong transport links into the centre of Manchester and increasingly strong demand from tenants.”
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with €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.