H.I.G. Capital (H.I.G.), an alternative investment firm with more than $47 billion of equity capital under management, announced that an affiliate has signed a definitive agreement to acquire EYSA Group (EYSA), a provider of smart mobility solutions. The transaction is subject to regulatory approvals. 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 desire comprehensive, automated solutions integrating all their mobility needs.
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. Mediobanca – Banca di Credito Finanziario S.p.A.. acted as financial advisor to H.I.G.
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.”
Javier Delgado, CEO of EYSA, commented: “The investment by H.I.G. is great news for EYSA and its stakeholders. I am very excited about the prospects of working alongside H.I.G. to capitalize on the enormous potential we have both in Spain and abroad. I am convinced that H.I.G. is the ideal partner to support EYSA in its ambitious growth plans for the coming years.”
