H.I.G. Capital Noticias
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H.I.G. Infrastructure Completes Acquisition of EYSA
MADRID – June 3, 2022 – H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $49 billion of equity capital under management, announced that an affiliate has successfully completed the acquisition of EYSA Group (“EYSA” or the “Company”), a market leading provider of smart mobility solutions. The transaction is led by the H.I.G. Infrastructure Partners fund. Terms were not disclosed.
EYSA is headquartered in Madrid, Spain, with an international presence in the USA, Mexico, Colombia, Ecuador and Brazil. Leveraging on “ParkXplorer”, its proprietary IT platform, the Company has become a one-stop-shop for more than 100 cities across Spain, Latin America and the USA. EYSA has long term relationships with municipalities and private clients who seek comprehensive, automated solutions integrating all their mobility needs.
Over the past several years, EYSA has evolved from a purely regulated parking operator, to an integrated tech-enabled smart mobility services platform. H.I.G. will continue to support EYSA in this evolution, providing the necessary resources to develop new mobility solutions for its existing clients and expanding EYSA’s international footprint.
Andrew Liau, Co-head of H.I.G. Infrastructure, said: “We are delighted to complete this acquisition whilst supporting EYSA’s best-in-class management team. EYSA’s business model has shown tremendous resilience with stable and predictable performance throughout the pandemic. As a result, the Company is well positioned for growth by helping cities undergo the critical transition toward automated, sustainable, and environmentally friendly operations. We intend to support EYSA’s management with both their local and international ambitions.”
Jaime Bergel, Managing Director of H.I.G. Capital Europe, added: “EYSA will continue to work together with its local clients, providing municipalities with a one-stop-shop solution to address their increasingly complex mobility requirements. Our intention is to support the Company as it continues to evolve and roll out its proprietary ParkXplorer and CityXplorer platform to provide best-in-class solutions.”
Javier Delgado, CEO of EYSA, commented: “The EYSA team is excited about the partnership with H.I.G. which provides the Company with commitment to the Spanish market as well as expertise to help expand internationally. EYSA is a success story in Spain and through partnership with H.I.G., we are confident to be able to achieve further growth locally and abroad.”
EYSA was founded in 1976 in Madrid (Spain). With a philosophy based on technological excellence, customer service, innovation and respect for the environment, EYSA has become a reference for Spanish and international municipalities. EYSA provides an integrated solution to address mission-critical mobility requirements across smart traffic management, access control, on-street parking, off-street parking, tax management, and towing. For more information, please refer to EYSA’s website at https://eysaservicios.com.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with over $49 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the USA, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.