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.

7 years ago Posted in Cloud + MS Colocation/Hosting

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

CIOs 'overspend' on cloud

Leaseweb powers the future of European Cloud Sovereignty

Security scheme could protect sensitive data during cloud computation

Gemini for the United Kingdom

Palfinger UK revolutionises maintenance scheduling with Microsoft Business Central and Servotion from Node4

Leaseweb partners with CDNetworks

Yorizon, VNClagoon and BYTESATWORK create a Connected Giga-Cloud in Europe

Oracle to invest U.S. $5 billion in cloud infrastructure