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H.I.G. Capital Acquires Brazil-Based Office Property Parque Ana Costa
Thursday 17 May 2018

17 May 2018 - Miami, US-based private equity firm H.I.G. Capital has acquired AAA office building Parque Ana Costa, located near São Paulo, Brazil, the company said.
Financial terms were not disclosed.
Parque Ana Costa has 17,997 square meters of space, located in Santos, a coastal city in São Paulo state, 50 miles from the capital (São Paulo). The building was delivered in 2013 and is positioned in Ana Costa Avenue, the main business district in Santos.
H.I.G. said, the transaction reflects the company's 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.
H.I.G. Capital is an alternative assets investment firm with USD 25bn 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 US, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo, Bogotá and Mexico City, H.I.G. specialises in providing both debt and equity capital to small and mid-sized companies.
Details
Date Published: 17/05/2018
Target: AAA office building Parque Ana Costa, located near S, ão Paulo, Brazil
Country: Brazil
Sector: Construction/Real Estate
Type: LBO
Financing:
Status: Closed
Vendor:
Buyer: HIG
Comment:
Terms of the deal were not disclosed

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