H.I.G. Capital Acquires Brazilian Office Building

10/5/17

RIO DE JANEIRO–(BUSINESS WIRE)–H.I.G. Capital, a leading global private equity investment firm with $23 billion of equity capital under management, announced today the acquisition of Urbanity Corporate Center, in São Paulo.

Urbanity Corporate is a AAA office building with 29,248 square meters of space, located in the South Region of São Paulo. The building is part of a newly developed mixed-use complex.

Fernando Marques Oliveira, Head of H.I.G. Brazil and Latin America said, “We are very excited to complete this off-market transaction. It reflects our belief that the real estate sector in Brazil is set for a meaningful recovery. As such, H.I.G. is looking forward to committing a significant amount of capital to the sector, building on H.I.G.’s extensive local presence and relationships.”

Daniel Nader head of H.I.G. Realty in Brazil added, “We believe this is an excellent time to acquire office buildings in São Paulo, given the expected recovery in the market and the low volume of new supply in the next few years. The South Marginal Region in particular, where Urbanity is located, is benefiting substantially from the recent improvements in the infrastructure of the city. Urbanity will benefit from the access and public transportation improvements in the Region. The building is the closest office tower to the bridge Edson Bueno Godoy and near the tunnel access.”

Financial terms were not disclosed.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets investment firm with $23 billion of equity capital under management. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.

2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.

3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

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