The Grounds Completes Capital Increase with H.I.G. Capital's Backing

The Grounds Real Estate Development AG has successfully finalized a capital increase through cash contributions, raising 40,551,982 new shares. A significant portion, 40 million shares, have been allocated to a fund managed by H.I.G. Capital. This move aims to bolster The Grounds' real estate portfolio expansion and development.

With the new capital, The Grounds intends to enhance its financial structure, invest in current projects, and pursue new real estate opportunities. The official entry of the cash capital increase into the Commercial Register, along with the delivery of the new shares, is expected by January 2025.

Following the capital increase, The Grounds' share capital will rise to EUR 49,454,740, altering the shareholder structure, with H.I.G. Capital owning about 81.3% of shares through its managed fund.