HIG Capital buys Portuguese real estate portfolios

The Miami-based firm is adding to its European real estate assets in a direct secondaries deal involving Portuguese real estate and secured loan assets.

HIG Capital, the global private equity firm, has bought two Portuguese real estate portfolios in a direct secondaries deal, according to a statement from the firm.

The firm purchased a portfolio of 77 real estate assets from Finangeste, a Portuguese asset manager, in a deal worth more than €110 million. The transaction also included 114 secured loans.

“This investment demonstrates our ability to execute complex transactions in the Portuguese market,” Ahmed Hamdani, managing director at HIG in London, said in the statement. “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.”

A spokesman for the firm wasn’t immediately available to comment.

Founded in 1993, HIG Capital has €17 billion of equity capital under management and has offices in the US, Europe and South America. The firm focuses on providing debt and equity capital to small and medium-sized companies.