H.I.G. Capital supports VIRTUS expansion strategy

H.I.G. Capital has announced that an affiliate of H.I.G. Realty Partners has completed a structured debt investment into the UK data center industry. H.I.G. has participated in the debt syndication to assist VIRTUS Data Centres, a leading 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.

Friday, 14th July 2017 Posted 8 years ago in by Phil Alsop

H.I.G. continues to add to its sizable 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 and Head of Real Estate Europe at H.I.G. Realty in London, commented:”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. Capital supports VIRTUS expansion strategy

Extreme Networks expands adoption of Platform ONE for IT management

Vulnerability discovered in GitHub repository highlights security risks

Commvault announces new AI capabilities for data and recovery management

Data-centric security: protection in the digital age

Wasabi Technologies to acquire Lyve Cloud Business

Intruder reveals container image scanning upgrade

Pluxee UK launches financial wellbeing pathway with Attivo

Reindustrialisation: a pragmatic approach