The consortium has already registered the acquisition of most of Nuerburgring’s assets with the German competition authority, according to Reuters.
HIG will pay up to between €60m and €70m for Nuerburgring, said Germany’s Wirtschaftswoche.
Nuerburgring collapsed into administration in 2012 with a debt pile that equalled around 50 years worth of profits.
Last year HIG closed its second Europe-focused fund on €825m in just three months, well above its initial €750m target and closed its HIG Bayside Loan Opportunity Fund III, which also topped its target, raising more than $1bn.
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