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

b781cd7cbc3e9732317dd7b3670b2301 H.I.G. Realty Completes a $1.6 Billion Recapitalization of Ella Resorts and OB Streem

(SeaPRwire) –   LONDON, March 25, 2026 — H.I.G. Capital (“H.I.G.”), a top global alternative investment firm overseeing $74 billion in capital, is happy to share that its affiliates have refinanced Ella Resorts (“Ella”) and OB Streem (“Streem”) alongside a group of European banks.

Ella is H.I.G. Realty’s hospitality arm centered on high-end resort locations around the Mediterranean, boasting roughly 4,400 rooms in its portfolio and a robust acquisition pipeline across Italy, Greece, and Spain, with a goal to grow to 10,000 rooms. Streem is a fully integrated logistics platform that manages more than 400,000 square meters of warehouse space and delivers essential logistics infrastructure along major European trade routes. Its services include cold storage, ambient storage, container depot storage (IOS), and a planned pier terminal, plus offerings like freight forwarding and transportation.

These transactions create an efficient capital framework to back the ongoing growth of both platforms, including the ongoing renovation and rebranding of Ella’s resort portfolio, the expansion of Streem’s logistics infrastructure network, and new purchases.

Bank of Piraeus led and underwrote the refinancings, with other top European financial institutions taking part. The deal reflects the banking syndicate’s faith in the long-term growth potential of both platforms, which operate in sectors vital to the European economy.

Riccardo Dallolio, Managing Director and Head of H.I.G. Realty in Europe, in London, commented: “Successfully finishing these two refinancings marks a key milestone for two of H.I.G. Realty Europe’s core platforms. We stay focused on buying and growing real estate platforms in sectors with solid foundations, using our combined real estate and private equity know-how.”

Stelios Theodosiou, Managing Director at H.I.G. Realty in Europe, commented: “Now that these refinancings are done, both Ella and Streem are moving into a new development phase. Streem keeps boosting its position and leadership in the local market, while Ella is expanding globally into Italy and Spain. The strong backing from institutional lenders shows the quality of the platforms we’ve built, letting us keep investing in our assets and growing in a capital-efficient manner.”

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $74 billion in managed capital.* Headquartered in Miami, it has offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the U.S., plus 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 offering both debt and equity capital to middle-market companies, using a flexible, operationally focused/value-added strategy:

  • H.I.G.’s equity funds put money into management buyouts, recapitalizations, and corporate carve-outs of both profitable and underperforming manufacturing and service companies.
  • H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing for companies of all sizes, both through primary (direct origination) channels and in secondary markets. H.I.G. also manages WhiteHorse Finance, a publicly traded BDC.
  • H.I.G.’s real estate funds target value-added properties that can benefit from better asset management practices.
  • H.I.G. Infrastructure focuses on value-add and core plus investments in the infrastructure sector.

Since it was founded in 1993, H.I.G. has invested in and run over 400 companies around the world. Its current portfolio has more than 100 companies with total sales exceeding $53 billion. For more details, visit H.I.G.’s website at hig.com.

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

Contact:

Riccardo Dallolio
Managing Director
rdallolio@hig.com

Stelios Theodosiou
Managing Director
stheodosiou@hig.com

H.I.G. Capital
10 Grosvenor Street
2nd Floor
London W1K 4QB
United Kingdom
P: +44 (0) 207 318 5700
hig.com

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