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M&A Deal Summary

H.I.G. Private Equity Acquires Polar

On October 7, 2024, private equity firm H.I.G. Private Equity acquired infrastructure company Polar

Acquisition Highlights
  • This is H.I.G. Private Equity’s 2nd transaction in the Infrastructure sector.
  • This is H.I.G. Private Equity’s 28th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-10-07
Target Polar
Sector Infrastructure
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Polar

London, United Kingdom
Polar develops, owns, and operates data center infrastructure targeting high-performance computing (“HPC”) applications. The Company’s first data center in Norway will provide up to 48MW of capacity once fully operational, and will be powered using 100% renewable, hydroelectric power. Given the naturally colder Norwegian climate and modular design architecture, it offers Power Usage Effectiveness. Polar is based in London.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.

DEAL STATS #
Overall 365 of 379
Sector (Infrastructure) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 109 of 116
Country (United Kingdom) 28 of 29
Year (2024) 18 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 SkinCure Oncology

Burr Ridge, Illinois, United States

SkinCure Oncology provides a turnkey model for the delivery of Image-guided Superficial Radiation Therapy (IG-SRT), the most recent advanced/disruptive technology, for the treatment of non-melanoma skin cancers. SkinCure Oncology has partnered with quality-focused dermatologists and Mohs surgeons to bring cancer center level radiation therapy skin cancer treatment to physician offices. SkinCure Oncology is based in Burr Ridge, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-08 STS Aviation Group

Jensen Beach, Florida, United States

STS Aviation Group is a provider of aftermarket, distribution, and maintenance services primarily in the aviation industry, delivering nose-to-tail solutions for customers across airlines, MROs, and OEMs. STS’s solutions include component sales and distribution, engineering, maintenance, aircraft repair and modification, and workforce management services. STS Aviation Group was founded in 1985 and is headquartered in Jensen Beach, Florida.

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