The sale of EYSA Group to Tikehau Investment Management represents more than a profitable exit for H.I.G. Capital—it is also a case study in scaling a Spanish infrastructure company into a global leader.

Starting in Spain

EYSA began as a parking operator serving municipalities across Spain. When H.I.G. acquired the company in 2022, it had a strong domestic position but limited international exposure. Over the next three years, H.I.G. supported five acquisitions, introduced new service lines, and helped more than double EBITDA.

According to PE Insights, EYSA now operates across 30+ countries with 330,000 parking spaces, providing mobility solutions from tolling to traffic management.

Supporting Cities Worldwide

CEO Javier Delgado credited H.I.G. for accelerating the company’s international ambitions. “With H.I.G.’s backing, we moved from a single-market operator to a global platform helping cities automate and improve sustainability,” he said.

Building a European Portfolio

The EYSA transformation complements other H.I.G. investments in Europe. Earlier this year, the firm acquired Finland’s Fluo Group, a recycling business aligned with EU circular economy regulations. In Spain, H.I.G. also announced the acquisition of Avanta Salud Integral, one of the country’s largest occupational healthcare providers.

Global Expansion of Capabilities

At the same time, H.I.G. has been scaling its broader platform. The firm launched a GP Solutions Platform with senior hires from Morgan Stanley to target continuation vehicles and GP-led transactions, and closed a record $5.9 billion WhiteHorse Middle Market Lending Fund IV.

Spanish Roots, Global Footprint

Since its founding in 1993, H.I.G. has grown to manage $70 billion across 19 offices worldwide. Its portfolio companies generate more than $53 billion annually. The EYSA exit illustrates how H.I.G. can take a strong domestic player, build scale across borders, and deliver both growth and attractive returns.