H.I.G. Capital’s sale of EYSA Group to Tikehau Investment Management marks the culmination of a textbook buy-and-build strategy that turned a Spanish parking operator into a global mobility platform in just three years.
Scaling Through Acquisitions
When H.I.G. acquired EYSA in 2022, the company was focused primarily on Spain. Under H.I.G.’s ownership, EYSA pursued five strategic acquisitions across Europe and Latin America, more than doubling EBITDA and diversifying into tolling, traffic management, and low-emission zone solutions.
As PE Insights reported, the exit demonstrates H.I.G.’s ability to identify companies with strong foundations and accelerate their growth through bolt-on acquisitions and operational improvements.
Strategic Guidance from H.I.G.
EYSA CEO Javier Delgado praised H.I.G.’s role in expanding the company’s market reach. “The firm backed key initiatives that reinforced our ability to scale and integrate acquisitions, transforming EYSA into a global platform,” he said.
Diversified European Approach
The EYSA deal is part of a wider European strategy. In Finland, H.I.G. took control of Fluo Group, a recycling business turning waste into valuable products. In Spain, it also announced a majority acquisition of Avanta Salud Integral, an occupational healthcare provider with more than one million employees under care.
Building Out Global Capabilities
At the platform level, H.I.G. has expanded its capital solutions by launching a GP Solutions Platform, staffed by veterans from Morgan Stanley, to pursue continuation vehicles and GP-led transactions. The firm also closed a record $5.9 billion WhiteHorse Middle Market Lending Fund IV to strengthen its lending operations.
Demonstrating Value Creation
Since its founding in 1993, H.I.G. has invested in more than 400 companies and today manages $70 billion across private equity, infrastructure, real estate, and direct lending. Its portfolio companies generate more than $53 billion annually.
The EYSA transformation reinforces H.I.G.’s reputation for executing buy-and-build strategies that unlock value quickly—an approach the firm is likely to replicate in other European sectors tied to sustainability, compliance, and long-term growth.
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