Private equity firm HIG Capital has reached agreement with the shareholders of Finangeste, a Portuguese asset manager, to acquire two real estate debt and equity portfolios with a face value of over €110 mln.
Private equity firm HIG Capital has reached agreement with the shareholders of Finangeste, a Portuguese asset manager, to acquire two real estate debt and equity portfolios with a face value of over €110 mln.
The portfolios comprise 77 real estate assets and 114 secured loans. The deal price was not disclosed.
'This investment demonstrates our ability to execute complex transactions in the Portuguese market,' said Ahmed Hamdani, managing director at HIG in London. 'We continue to acquire undervalued real estate assets and assets where we see an opportunity to add value by enhancing the income and quality of the asset.'
With European offices in London, Madrid, and Milan, HIG has built up a 12-strong team on the Continent in addition to being supported by a pool of analysts. It invests in both real estate and real estate-secured debt on an opportunistic basis and focuses on off market transactions with a small lot size of between €20 to €100 mln offering asset management potential.
