HIG WhiteHorse, the credit-focused arm of HIG Capital, has extended a €15 million loan facility to Dutch fashion company Varova Fashion.
According to a company announcement, the financing will be used to support the fashion brand’s growth and future investments. Varova Fashion is owned by investment firm Varova Investments. Terms of the deal could not be determined by time of publication.
HIG WhiteHorse recently provided a €32 million loan to a British advertising firm, to be used as part of a refinancing. HIG’s distressed specialty arm, HIG Bayside, also recently exited a position it held in Spanish beauty and cosmetics chain Bodybell.
HIG WhiteHorse generally provides financing packages ranging between €10 million and €70 million. Varova Fashion operates 12 fashion brands across the Benelux region via 110 retail stores.
A spokeswoman for the firm declined to comment further beyond the announcement.