HIG WhiteHorse stakes EUR85 million in Savio Group

KKR

HIG WhiteHorse said it has alongside Tikehau Capital invest EUR85 million in Savio Group through Notes issued by Savio Group, controlled by Alpha Private Equity.

HIG WhiteHorse, a credit affiliate of global investment firm HIG Capital.

Savio Group is into the production of machinery and quality control systems for the textile industry.

Guido Lorenzi, Director at HIG WhiteHorse in Milan, said: “This transaction reaffirms HIG WhiteHorse’s commitment to invest in Italy, supporting leading companies and its ability to originate proprietary transactions. We will support the next stage of development of the Company. We continue to see Italy as a highly attractive market.”

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