H.I.G. Acquires Key Logistics Assets in France to Expand Last-Mile Delivery Network

Deal News | Dec 04, 2024 | PR Newswire Cision H.I.G. Capital

H.I.G. Capital, a leading global investment firm with $66 billion under management, announces the acquisition of a strategic portfolio of four last-mile logistics and parcel delivery assets in France. The assets, located in prime logistic hubs of Toulouse, Bordeaux, Caen, and Rennes, are fully leased to high-grade tenants including Amazon, XPO, and Kuehne+Nagel. Riccardo Dallolio, the firm’s Managing Director, highlighted the acquisition as a significant alignment with H.I.G.’s strategy to enhance its logistics and last-mile delivery platform across Europe. Jérôme Fouillé, General Manager, emphasized the competitive positioning of these assets within logistics submarkets characterized by favorable supply-demand dynamics, which is expected to drive rental growth. H.I.G. Realty continues to demonstrate its capacity to tap into lucrative investment opportunities in France, furthering its pan-European logistics strategy.

Sectors

  • Real Estate & Logistics
  • Private Equity

Geography

  • France – The logistics assets acquired by H.I.G. Capital are located in key French cities: Toulouse, Bordeaux, Caen, and Rennes.
  • Europe – H.I.G. Realty’s strategy to enhance its logistics platform extends across Europe, indicating a broader regional investment strategy.

Industry

  • Real Estate & Logistics – The acquisition involves logistics assets, emphasizing the importance of real estate investment within supply-chain and last-mile delivery sectors.
  • Private Equity – H.I.G. Capital is a global private equity firm involved in the acquisition, indicating investment activities within the private equity sector.

Financials

  • $66,000,000,000 – The amount of capital under management by H.I.G. Capital.
  • $53,000,000,000 – Combined sales of the companies in H.I.G's current portfolio.

Participants

NameRoleTypeDescription
H.I.G. CapitalBuyerCompanyA global leader in alternative investments, managing $66 billion in capital.
Amazon, XPO, Kuehne+NagelTenantsCompaniesThese companies are major tenants of the acquired logistics assets, indicating their involvement in logistics and supply chain management.
Riccardo DallolioIndividualPersonManaging Director and head of H.I.G. Realty in Europe.
Jérôme FouilléIndividualPersonGeneral Manager of H.I.G. Realty in Europe.