2a01:4f9:6a:1f81::2

HIG to buy into EYSA Group to capture trend on city automation

40

HIG Capital has agreed to acquire smart mobility solutions EYSA Group.

Headquartered in Spain, EYSA operates in the USA, Mexico, Colombia, Ecuador and Brazil and has long term relationships with municipalities and private clients who want to integrate their mobility needs.

Andrew Liau, co-head of H.I.G. Infrastructure, said, “We are highly impressed with EYSA’s best-in-class management team who share our vision regarding development opportunity in the mobility space. Mobility requirements are becoming increasingly complex as cities undergo the critical transition toward automated, sustainable, and environmentally friendly operations. EYSA is a time-tested, trusted partner of choice with a proven capability to adapt its solutions toward ever changing client needs.”

Jaime Bergel, managing director of H.I.G. Spain, added,“Working together with its clients, EYSA has developed its renowned ParkXplorer and its next generation CityXplorer platforms, which provide municipalities with a one-stop-shop solution to address their increasingly complex mobility requirements. We strongly believe that, leveraging on H.I.G.’s experience and international presence, EYSA will be able to continue to expand its portfolio of services and international footprint, both organically and inorganically.”

HIG has $45bn of equity under management. It closed its first mid-market European buyout fund on €2bn in September.

It closed HIG Capital Partners VI on $1.3bn in 2020.

The firm also raised a $1.4bn credit fund in March to “capitalize on the compelling investment opportunities” available in the wake of Covid-19 volatility. The fund was already 25% committed at the time.

Copyright © 2022 AltAssets

Get the latest PE News & Research delivered to your inbox every morning