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

97% of mid-market organisations intend to migrate applications or workloads from the public cloud

Flexera partners with Greenpixie

Systal expands global operations

OVHcloud strengthens its European footprint

Colt expands NaaS with new diversity and dedicated cloud access features

OVHcloud introduces Data Platform

Juniper Networks collaborates with Google Cloud

Fivetran introduces Managed Data Lake Service for Google's Cloud Storage