H.I.G. Capital grows Milan team

US private equity firm hires Deutsche Bank's Gabriele Magotti

H.I.G. Capital has taken on Gabriele Magotti as director in its Milan office, set up earlier this year.

The US private equity firm’s  European real estate team has done 11 deals in the last two years; recent ones include its €70m purchase of a Dutch office and retail portfolio from IVG, an Italian NPL portfolio from Cassa di Risparmio di Ravenna, and a €495m portfolio of non-performing and underperforming Romanian real estate loans, bought in partnership with Anacap Financial Partners and Deutsche Bank.

Magotti joins H.I.G. Capital from Deutsche Bank, where as head of southern Europe for the alternative and real assets team,  he transacted and managed real estate investments across several European jurisdictions.

His appointment brings H.I.G.’s Milan team to nine; activities include private equity, credit, debt, and real estate investments.  The typical investment size ranges from$10m to $100m.