By: Zach Miller
H.I.G. Capital, the Miami-based alternative investment firm with $65 billion under management, has kicked off October with strategic moves across diverse sectors, showcasing its commitment to growth and diversification.
Content Production Hub Expansion
On October 9, H.I.G. announced the completion of Madrid Content City (MCC), a 140,000 square meter content production hub. This state-of-the-art facility offers integrated audiovisual services, including production and post-production capabilities, alongside a university focused on media studies. The project represents a significant milestone in H.I.G.’s European real estate strategy.
Building on this success, H.I.G. has already initiated an expansion in Seville with the Sevilla Content City (S.C.C.). The initial investment in S.C.C. includes 4,000 square meters of production and post-production studios, complemented by a spacious backlot for location filming.
Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, emphasized the strategic importance of these projects, citing “strong secular tailwinds relating to content production.”
Aviation Services Investment
In a move to strengthen its position in the aviation sector, H.I.G. announced on October 8 a strategic equity investment in S.T.S. Aviation Group. S.T.S., a global leader in aviation services, provides a wide range of aftermarket, M.R.O. (Maintenance, Repair, and Overhaul), and distribution solutions to the aviation and defense industries.
This partnership aims to support S.T.S.’s growth plans, including global expansion, enhancement of aircraft service offerings, and pursuit of add-on acquisitions. P.J. Anson, C.E.O. of S.T.S. Aviation Group, will continue to lead the company along with the current executive team.
Data Center Infrastructure Acquisition
On October 7, H.I.G. expanded its infrastructure portfolio by acquiring a controlling interest in PolarDC Group Limited. Polar specializes in developing and operating data center infrastructure for high-performance computing applications.
The company’s first data center in Norway, powered by 100% renewable hydroelectric energy, will provide up to 48MW of capacity. H.I.G.’s investment will accelerate Polar’s development of several other data center projects across Europe, positioning the company to capitalize on the rapid growth of artificial intelligence infrastructure needs.
Recognition in Software Investment
Capping off a busy week, on October 2, Ross Hiatt, Managing Director and Head of H.I.G. Growth Partners was named to GrowthCap’s list of Exceptional Software Investors for the second consecutive year. This recognition underscores H.I.G.’s expertise in the software sector and its strategic approach to growth equity investments.
These diverse activities in October reflect H.I.G. Capital’s multifaceted investment strategy, spanning real estate, aviation, technology infrastructure, and software, while also showcasing the firm’s agility and innovative approach. As H.I.G. Capital continues to expand its global footprint and deepen its sector expertise, it not only demonstrates its ability to identify and capitalize on opportunities across various industries and geographies but also reinforces its leadership in driving value creation, operational improvements, and sustainable growth within its portfolio companies.
Published By: Aize Perez
