H.I.G. Capital subsidiary acquires majority stake in PolarDC Group Limited

H.I.G. Capital, a global alternative investment firm with $65 billion of capital under management, has announced that one of its subsidiaries has acquired a majority stake in PolarDC Group Limited. PolarDC Group Limited owns and operates HPC data center facilities, with its first data center in Norway set to provide up to 48 MW of capacity powered by 100% renewable hydroelectric energy. The investment from H.I.G. will enable Polar to launch its short-term project portfolio, leveraging H.I.G.'s extensive capabilities and relationships to support the company's growth.