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.

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”.
Formula 1 embraces Lenovo cooling technology to boost sustainability and performance in broadcast...
VOSS expands enterprise collaboration capabilities with AI, security, and monitoring tools.
Frore Systems highlights the AirJet Mini G2 as a solid-state cooling solution aimed at managing...
Infosys teams up with AWS to enhance enterprise capabilities using generative AI, with a focus on...
Siemens and NVIDIA are bringing AI into industrial processes, from design and engineering through...
CIMPOR, in collaboration with Vodafone Portugal and Ericsson, has completed a deployment of private...
Cognizant is set to acquire 3Cloud, enhancing its Azure and AI capabilities for enterprise AI...
Calitii, under Synechron, becomes a ServiceNow Elite Partner, reflecting its prowess in AI-driven...