H.I.G. Capital Expands into the Self-Storage Market
LONDON — H.I.G. Capital, a prominent global alternative investment firm managing approximately $70 billion, is excited to announce the launch of its innovative self-storage platform in Italy. This exciting venture progresses its growth trajectory within the self-storage sector, adding to its successful expansions in both the United Kingdom and Germany.
The new platform, branded as Boxengo, is designed to serve the bustling metropolitan hubs of Milan and Rome. Initially, it will operate with a portfolio of five strategically located self-storage facilities, with four located in Milan and the fifth in Rome. The initial openings in Milan are set to take place within the year, with the remaining facilities expected to become operational throughout the following year.
Leadership Driving Boxengo's Vision
Leading this initiative is William Binella, who comes with an impressive background of over 25 years in the self-storage industry. His leadership is anticipated to bolster Boxengo's position as a formidable player in Italy's self-storage landscape.
Riccardo Dallolio, the Managing Director and Head of H.I.G. Realty in Europe, emphasized that the completion of these acquisitions signifies a pivotal moment for H.I.G. Realty's self-storage strategy. He stated, "Seeing the successful acquisition of these facilities is vital for our development in a sector that remains operationally intensive and underserved. We are eager to grow Boxengo into a benchmark for excellence."
Aiming for Next-Generation Self-Storage Solutions
Additionally, Alessio Lucentini, another esteemed Managing Director at H.I.G. Realty, remarked on the aspirations for Boxengo. He articulated, "Our goal is to establish a next-generation self-storage platform that is operationally innovative. We plan to develop our assets into high-quality offerings that set new standards within this evolving market." Boxengo aims not only to enhance the accessibility of self-storage but also to promote efficiency and value for its customers.
About H.I.G. Capital
H.I.G. Capital, headquartered in Miami, has been a leader in the investment landscape since its inception in 1993. With offices scattered across major cities in the U.S. and various international locations, the firm has a track record of investing in over 400 companies globally. Their portfolio currently encompasses more than 100 companies with a combined revenue exceeding $53 billion.
H.I.G. specializes in providing both debt and equity capital to mid-market companies through a flexible and operational-focused methodology. With their equity funds, H.I.G. has a successful history of engaging in management buyouts, recapitalizations, and corporate carve-outs, targeting both thriving and underperforming businesses.
On the debt side, the firm extends various financing options, including senior, unitranche, and junior debt solutions, catering to diverse company sizes and operations. H.I.G. also manages WhiteHorse Finance, a publicly traded business development company.
Its real estate division focuses on enhancing value through improved asset management practices and innovation in asset utilization. The Infrastructure team aims for strategic investments in value-added opportunities within the infrastructure sphere.
Contact H.I.G. Capital
For further inquiries, you may reach:
Riccardo Dallolio
Managing Director
Contact Number: +44 (0) 207 318 5700
Alessio Lucentini
Managing Director
H.I.G. Capital operates from various global offices, focusing on creating enduring value and efficiency across diverse investment portfolios, consistently looking to expand its influence and capabilities in key sectors.
Frequently Asked Questions
What is Boxengo?
Boxengo is the new self-storage platform launched by H.I.G. Capital, focusing on operational excellence in metropolitan areas of Italy.
Where will the Boxengo facilities be located?
The initial facilities will be based primarily in Milan and Rome, with a total of five locations announced.
Who is leading the Boxengo initiative?
William Binella, an industry veteran with over 25 years of experience in self-storage, will lead the Boxengo platform.
What are H.I.G. Capital's investment specialties?
H.I.G. Capital specializes in providing both debt and equity capital to mid-market companies across various sectors.
How has H.I.G. Capital been performing in recent years?
Since its founding, H.I.G. Capital has successfully invested in over 400 companies globally, managing more than $70 billion in capital.
