H.I.G. Realty Completes $1.6 Billion Recapitalization of Ella Resorts and OB Streem

H.I.G. Capital, a notable global investment firm managing $74 billion in assets, has announced the successful recapitalization of Ella Resorts and OB Streem, valued at $1.6 billion. These deals were financed by a consortium of European banks, led by Bank of Piraeus. This move aims to bolster growth and strengthen capital structures for both entities.

Ella Resorts, operating in the Mediterranean with 4,400 accommodation units, aims to expand to 10,000 rooms across Italy, Greece, and Spain. OB Streem boasts over 400,000 sqm of logistics space, crucial to European trade, and continues to grow infrastructure and services.

H.I.G.'s executives emphasize the role of the recapitalization in advancing development phases for Ella and Streem. This financial maneuver highlights banking confidence in the growth potential of both platforms, aligning with sectors vital to the European economy.