An affiliate of HIG Capital (HIG) has invested in Makios Logistics SA (Makios) a provider of integrated logistics services and a specialist in temperature-controlled warehousing in Greece.

Founded in 1927, the Company is strategically located next to the port of Thessaloniki. Makios currently owns and operates two state of the art logistics assets in Thessaloniki and also owns logistics assets and land north of Athens with significant expansion potential. As a result of its special custom status, the Company is strongly positioned to increase its share of international trade flows.

Riccardo Dallolio, Managing Director and Head of HIG Europe Realty Partners, says: “This marks our 9th Industrial & logistics real estate investment in Europe. The sector continues to be an attractive asset class for HIG driven by strong investment fundamentals and secular tailwinds. More specifically, the Piraeus and Thessaloniki ports are two key logistics hubs not only at a national but also at a European level and we believe Makios is strongly positioned to capture an increasing share of trade flows”.

Stelios Theodosiou, Principal at HIG Europe Realty Partners, adds: “We are partnering with the Company and its management as the ideal platform to grow and execute on HIG’s logistics strategy in the region. Makios already possesses state of the art facilities and systems and together with HIG’s hands-on operational approach, we plan to grow it into a regional champion. This transaction is another example of our ability to source off-market deals with significant value-add potential. We look forward to supporting the Makios team through the Company’s next exciting phase of organic and inorganic growth.”

Source: Private Equity Wire


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