H.I.G. Realty Invests to Become Majority Shareholder in The Grounds, a Leading German Real Estate Development Company

With this new investment, TGD is poised to expand its reach, enhance its current offerings, and ensure sustainable growth in the market. It will also allow the Company to capitalize on attractive buying opportunities which address the critical shortage of quality housing in Berlin.

Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, commented, "Our investment in TGD and its management team gives us outstanding access to the German residential market, allowing us to leverage value-add opportunities at a pivotal time in the cycle."

Stelios Theodosiou, Managing Director at H.I.G. Realty in Europe, added, "This transaction underscores our strong belief in the enduring value of the German residential sector. We are eager to join forces with TGD's management team to drive forward our shared vision and capitalize on the market's long-term potential."

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $67 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm's current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

Contact:

Riccardo Dallolio
Managing Director
[email protected]

Stelios Theodosiou
Managing Director
[email protected] 

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