H.I.G. Capital Establishes Self-Storage Platform in Italy

Following the completion of its first five acquisitions in Italy, H.I.G. Capital, a leading global alternative investment firm with $70 billion of capital under management, has established a new Italian self-storage platform. This initiative marks another significant step in H.I.G.’s ongoing expansion within the self-storage industry, building on its existing platforms in the United Kingdom and Germany.

Operating under the brand Boxengo, the platform will initially focus on the metropolitan areas of Milan and Rome, as all five of its newly acquired facilities are in those cities (four in Milan and one in Rome). The first two assets of the portfolio are scheduled to open in Milan by year-end, with the remaining three becoming operational throughout 2026.

 Boxengo will be led by CEO William Binella, an industry leader with over 25 years of experience in the self-storage sector. “The successful completion of the first five acquisitions represents an important milestone for H.I.G. Realty’s strategy in self-storage, which we see as an operationally intensive and undersupplied sector,” says Riccardo Dallolio, managing director and head of H.I.G. Realty in Europe. “We look forward to growing Boxengo into a leader in the sector.”

Alessio Lucentini, managing director and head of asset management of H.I.G. Realty in Europe, adds, “With Boxengo, our ambition is to create a next-generation, operationally innovative self-storage platform built on high-quality assets. By leveraging H.I.G. Realty’s extensive track record in value-add and operational real estate, we aim to position Boxengo as a benchmark for excellence and growth in this dynamic sector.”

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $70 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong. H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

• H.I.G.'s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
• H.I.G.'s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
• H.I.G.'s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
• H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm's current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and its affiliates.