Global private equity firm HIG Capital has completed a structured debt investment into the UK data centre industry via an affiliate of HIG Realty Partners. Terms were not disclosed.
HIG participated in the debt syndication to help London-based Virtus Data Centres refinance its existing facilities and further fund its expansion strategy.
'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 UK market,' commented Riccardo Dallolio, managing director and head of real estate Europe at HIG Realty in London.
'Virtus is a top-tier award-winning data centre operator with a strong track-record and a proven business model,' added Graham Emmett, managing director at HIG Realty. 'We are delighted to work alongside the Virtu management team to help them pursue the company’s growth ambition.'
Miami-based HIG Capital, which has offices around the world, including a European presence in London, Hamburg, Madrid, Milan and Paris, specialises in providing both debt and equity capital to small and mid-sized companies. The firm's current portfolio includes more than 100 companies with combined sales in excess of €28 bn.