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H.I.G. Capital subsidiary acquires majority stake in PolarDC Group Limited

H.I.G. Capital subsidiary acquires majority stake in PolarDC Group Limited

10/07/24, 10:18 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgmiami
https://purecatamphetamine.github.io/country-flag-icons/3x2/NO.svgnorway
Industry
artificial intelligence
H.I.G. Capital, a global alternative investment firm with $65 billion of capital under management, has announced that one of its subsidiaries has acquired a majority stake in PolarDC Group Limited. PolarDC Group Limited owns and operates HPC data center facilities, with its first data center in Norway set to provide up to 48 MW of capacity powered by 100% renewable hydroelectric energy. The investment from H.I.G. will enable Polar to launch its short-term project portfolio, leveraging H.I.G.'s extensive capabilities and relationships to support the company's growth.

Company Info

Company
H.I.G. Capital
Location
Miami, Florida, United States
Company info
H.I.G. is a leading global alternative assets investment firm with $45 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, Bogotá, Rio de Janeiro and São Paulo, 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.

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