HIG Capital Delivers Strong Returns with EYSA Transformation and Sale
H.I.G. Capital has exited its investment in EYSA Group, selling the Spanish mobility platform to Tikehau Investment Management after a three-year value creation program that delivered attractive returns.
Doubling EBITDA and Expanding Reach
When H.I.G. acquired EYSA in 2022, the company was primarily a Spanish parking operator. Over the course of its ownership, H.I.G. supported five acquisitions, expanded operations into more than 30 countries, and helped more than double EBITDA.
As PE Insights reported, the sale highlights H.I.G.’s expertise in transforming infrastructure assets into global platforms with scalable growth potential.
Strategic Guidance from H.I.G.
EYSA CEO Javier Delgado credited H.I.G. for its role in the transformation: “H.I.G. has been instrumental in positioning EYSA as a market leader, helping us expand into new markets and reinforce our ability to support cities in their transition to sustainable mobility.”
Andrew Liau, Head of Europe Infrastructure at H.I.G., called the transaction “a demonstration of how buy-and-build strategies can unlock value quickly in regulated markets.”
Broader European Moves
The EYSA exit forms part of a pattern. In Finland, H.I.G. took control of Fluo Group, a circular economy operator producing recycled plastics and lubricants. In Spain, the firm also signed a strategic investment in Avanta Salud Integral, a healthcare services company serving more than one million employees.
Expanding the Global Platform
Meanwhile, H.I.G. broadened its lending and liquidity solutions, closing the $5.9 billion WhiteHorse Middle Market Lending Fund IV and launching a GP Solutions Platform with a senior team recruited from Morgan Stanley’s secondaries division.
A Model for Value Creation
Founded in 1993, H.I.G. manages $70 billion and has invested in more than 400 companies. Its portfolio holdings now generate over $53 billion in revenue. The EYSA case demonstrates the firm’s ability to combine operational improvements with acquisitions and sustainability initiatives to generate strong investor returns.
