H.I.G. Capital Strengthens Presence with PolarDC Acquisition

H.I.G. Capital Secures Controlling Interest in PolarDC Group

H.I.G. Capital, a prominent player in the global investment landscape, has taken a significant step forward by acquiring a controlling interest in PolarDC Group Limited, commonly referred to as Polar. With approximately $65 billion of capital under management, H.I.G. is recognized for its commitment to supporting growth-oriented companies across various sectors.

Polar's Vision and Capabilities

Polar specializes in developing, owning, and operating data centers designed for high-performance computing applications. The company's flagship facility in Norway is set to provide a remarkable capacity of up to 48MW once fully operational. This data center is distinct for its commitment to sustainability, as it will run entirely on renewable hydroelectric power, effectively reducing its carbon footprint.

Innovative Infrastructure

Polar's data center structuring benefits from the colder Norwegian climate, allowing it to achieve impressive Power Usage Effectiveness (PUE) metrics. Already, the entirety of the initial capacity has been presold, demonstrating the market's confidence in Polar's innovative solutions.

Strategic Growth and Future Development

As the digital age advances, Polar is actively exploring several data center projects across Europe. The management team's vast experience in the field positions Polar well for sustained growth and success. With H.I.G.'s backing, Polar is poised to further its development goals and expand its operational footprint.

A Partnership Promoting Innovation

According to Andy Hayes, the CEO of Polar, the partnership with H.I.G. is a pivotal moment for the company. He expressed enthusiasm about how H.I.G.'s strategic investment and expertise will enhance Polar's ability to meet the rapid advancements in artificial intelligence and computing technologies.

Insights from H.I.G. Capital and LIAN Group

Andrew Liau, co-head of H.I.G. Infrastructure, conveyed excitement regarding the acquisition, noting the significant role data centers will play in the upcoming wave of digital transformation. He emphasized how H.I.G.'s extensive network and operational capabilities would bolster Polar's growth trajectory.

Fiorenzo Manganiello, co-founder of LIAN Group, added that Polar's focus on future-proofed infrastructure aligns perfectly with the increasing demands of leading cloud computing providers. The collaboration promises innovative solutions that can adapt to evolving connectivity and energy needs.

About PolarDC Group

Polar is dedicated to providing high-performance computing solutions primarily for artificial intelligence workloads. The company emphasizes sustainability through its reliance on 100% renewable energy sources and modular designs, which support scalable operations with minimal disruption.

About H.I.G. Capital

Based in Miami, H.I.G. Capital operates globally with a diverse portfolio spanning various industries. The firm's investment strategy includes management buyouts, debt financing, and value-added real estate acquisitions. Since its inception in 1993, H.I.G. has invested in over 400 companies worldwide, maintaining a strong focus on building enduring partnerships that drive growth.

Contact Information

For inquiries, individuals may reach out to Andrew Liau, Managing Director at H.I.G. Capital, or Michael Pothitos, Principal. H.I.G. operates from its offices in London, serving as a hub for its extensive investment activities across Europe and beyond.

Frequently Asked Questions

What is the significance of H.I.G. Capital's acquisition of PolarDC?

This acquisition enhances H.I.G. Capital's portfolio in the emerging digital infrastructure space, specifically in high-performance computing, positioning it for future growth.

How does PolarDC ensure sustainability in its operations?

PolarDC operates its data centers using 100% renewable hydroelectric power, thereby minimizing its environmental impact while offering efficient computing capacity.

What role does H.I.G. Capital play in PolarDC's growth strategy?

H.I.G. Capital provides strategic support and investment, facilitating PolarDC's expansion plans and enabling it to meet increasing market demands, especially in AI.

Where are PolarDC’s data centers located?

The company's first data center is in Norway, with additional projects planned across Europe to tap into the growing demand for data center services.

Can you provide details about PolarDC's management team?

PolarDC's management team possesses extensive experience in developing and operating data centers, which is instrumental for the company’s growth and operational excellence.

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