HIG Capital has provided £76m of mezzanine financing to Shiva Hotels.
The loan is backed by Shiva’s portfolio of prime London assets, including the Guardsman, Buckingham Gate and Middle Eight Covent Garden.
Riccardo Dallolio, managing director and head of HIG Europe Realty in London, said: “We believe that London’s five-star sector will emerge as a winner coming out of the pandemic and that our flexible investing approach across the capital structure has allowed HIG to become a partner of choice for property companies and developers.”
Miami-based HIG Capital has $48bn of equity capital under management and specialises in providing debt and equity capital to small and mid-sized companies.
Since its founding in 1993, HIG 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 $30bn.
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