H.I.G. Capital acquires mixed-use portfolio in Denmark from Danske Bank
H.I.G. Capital, LLC (“H.I.G.”), a leading global private equity and alternative asset investment firm with €18 billion of equity capital under management, announced that one of its affiliates has completed the acquisition of a portfolio of 76 mixed use assets in Denmark from Danske Bank. Financial terms were not disclosed.
The transaction represents H.I.G.’s 33rd 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, 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 at H.I.G. in London commented: “This is our sixth investment in the Nordics. The Nordic real estate market represents an important part of our European strategy and we continue to actively look at opportunities in the small/midcap sector in the region”.
Sanjoy Chattopadhyay, Principal at H.I.G. in London added: “This transaction continues to demonstrate H.I.G.’s ability to leverage local relationships by securing a portfolio of well-located assets with high-quality income in place, and where we can add value through various asset management initiatives”.
Source: H.I.G Capital