LONDON–(BUSINESS WIRE)–#BuckinghamGate–H.I.G. Capital, LLC (“H.I.G.”), a leading global alternative investment firm with $48 billion of equity capital under management, announced today that an affiliate has provided mezzanine financing to Shiva Hotels, backed by a portfolio of prime hotel assets in London, including The Guardsman, Buckingham Gate and Middle Eight Covent Garden.

Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty in London, commented: “We believe that London’s 5 star sector will emerge as a winner coming out of the pandemic and that our flexible investing approach across the capital structure has allowed H.I.G. to become a partner of choice for property companies and developers”.

Chris Zlatarev, Principal at H.I.G. Europe Realty, added: “We are delighted to partner with Shiva Hotels and have structured tailor-made financing to support the company’s growth. H.I.G. worked with Shiva Hotels and the senior lenders on a financing solution adapted to current market conditions, allowing the company to focus on implementing its business plan”.

About H.I.G. Capital

H.I.G. is a leading global alternative assets investment firm with $48 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Rio de Janeiro, São Paulo and Bogotá, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

Contacts

Riccardo Dallolio

Managing Director

rdallolio@higrealty.com

TORONTO–(BUSINESS WIRE)–#appointmentrelease–Toronto-based real estate development company, Core Development Group (Core), recently announced the appointment of Daniel Ger to the position of Executive Vice President (EVP) of Development, Multi-Residential.

In his role as EVP, Ger will be responsible for managing the company’s multi-unit residential portfolio from concept to completion. He will oversee the firm’s planning and development department, internal and external sales and marketing teams and ensure smooth execution from the acquisition to closing stages of all projects.

“I am very pleased to welcome Daniel to the company. Daniel is a seasoned professional with exceptional leadership and development skills and I am confident he will add immense value to Core in his role overseeing the firm’s growing multi-unit residential portfolio,” said Bryan Nykoliation, President of Core Development Group.

Ger has over 15 years of experience in the real estate development sector, spanning across an array of asset types. The majority of his career was spent developing a portfolio of seniors housing communities across Ontario. Most recently, Ger was Chief Development Officer (CDO) of Options for Homes, Canada’s largest affordable housing developer. As CDO, Ger was responsible for the development of over 2,000 residential units across Ontario, ranging from complex urban infill developments to green-field master planned communities.

Ger received his M.B.A. with honours from the University of Guelph. He is a mentor with the Urban Land Institute, a member of the City of Brampton’s Housing Advisory Committee and is a guest lecturer at the University of Guelph and Schulich School of Business.

About Core Development Group

Core Development Group is a Toronto-based real estate development company that actively sources, develops and manages a wide range of residential real estate projects. The company takes a holistic approach to development and offers a comprehensive range of development and project management services to their clients and partners. Core’s wholly-owned subsidiary, Avanew, focuses on acquiring and developing both urban and suburban rental assets to address the growing demand for more affordable residential living alternatives throughout Ontario. For more information, visit: coredevelopment.ca.

Contacts

Rachel Rogers
Public Relations Specialist
McOuat Partnership

Cell: 416-984-5524

rachel@partnership.ca