The Grounds Capital Acquisition: H.I.G. Europe Becomes Majority Stakeholder

H.I.G. Capital, a global alternative investment firm, has announced that an affiliate of H.I.G. Europe has acquired a controlling stake in The Grounds Real Estate Development AG (TGD), a prominent German real estate developer. This acquisition, completed through a rights issue, provides H.I.G. with access to the German residential market, particularly in the Greater Berlin Area. TGD, known for its high-quality residential developments, is expected to leverage this investment to expand its operations and address the housing shortage in Berlin. Senior personnel from H.I.G. Realty in Europe emphasize their strategic intent to capitalize on value-add opportunities and the long-term potential of the German residential sector. H.I.G. Capital, with its vast network and significant capital under management, continues to enhance its real estate portfolio through such strategic acquisitions.