H.I.G. Capital Launches Innovative Self-Storage Platform in Italy

Introduction
H.I.G. Capital, a prominent global alternative investment firm with approximately $70 billion in assets under management, recently announced the establishment of its new self-storage platform named Boxengo in Italy. This initiative comes on the heels of successfully finalizing five initial acquisitions, highlighting H.I.G.'s commitment to expanding its footprint in the self-storage industry.

Expansion in the Self-Storage Market
This new platform represents a significant milestone in H.I.G. Capital's ongoing efforts in the self-storage sector, which also includes existing operations in the United Kingdom and Germany. Boxengo will initially focus on the metropolitan areas of Milan and Rome, with five strategically positioned self-storage facilities. Four of these locations are situated in Milan, while one is in Rome. The first two facilities are set to open in Milan by the end of this year, with the remaining three expected to be operational throughout 2026.

Management Team and Vision
William Binella, a seasoned executive with over 25 years of experience in the self-storage industry, will lead Boxengo as its CEO. Under his leadership, the platform aims to redefine self-storage services with innovative operational practices. Riccardo Dallolio, General Manager and Head of H.I.G. Realty in Europe, emphasized the importance of successful acquisitions and H.I.G.'s strategy in this area. He stated, "The successful completion of these initial five acquisitions marks a significant step for H.I.G. Realty's strategy in the self-storage field, which we view as an operations-intensive sector with insufficient supply. We are excited about the prospect of making Boxengo a leader in this market."

Alessio Lucentini, General Manager and Head of Asset Management for H.I.G. Realty in Europe, expressed the ambition behind Boxengo. "With Boxengo, our goal is to create a next-generation self-storage platform that is operationally innovative and built on high-quality assets. By leveraging H.I.G. Realty's extensive experience in operational real estate and value-added factors, we aspire to set a new standard for excellence and growth in this dynamic sector."

About H.I.G. Capital
Founded in 1993, H.I.G. Capital is one of the leading global alternative investment firms. With a presence across multiple major cities worldwide, including Miami, London, and Hong Kong, the firm specializes in providing debt and equity capital to mid-market companies using a flexible and operationally-focused approach.

H.I.G. operates various funds that invest in management buyouts, recapitalizations, and carve-outs, among other strategies. Their credit funds focus on senior debt and unitranche financing across businesses of all sizes, while their real estate funds target value-added properties that can benefit from enhanced asset management practices.

Conclusion
H.I.G. Capital's launch of the Boxengo platform in Italy underscores its strategic commitment to capitalizing on emerging growth opportunities in the self-storage market. The firm is poised to navigate the competitive landscape, bolstered by its strong operational expertise and dedication to delivering value in the self-storage industry. For more information, visit H.I.G. Capital's website.