MADRID–(BUSINESS WIRE)–HIG Capital (“HIG”), a leading global alternative investment firm with over $49 billion in equity under management, announced that an affiliate has successfully completed the acquisition of the group EYSA (“EYSA” or the “Company”), a market leader in smart mobility solutions. The transaction is led by the HIG Infrastructure Partners fund. Terms were not disclosed.
EYSA is headquartered in Madrid, Spain, with an international presence in the United States, Mexico, Colombia, Ecuador and Brazil. Based on “ParkXplorer”, its proprietary computing platform, the company has become a one-stop-shop for more than 100 cities in Spain, Latin America and the United States. EYSA has long-standing relationships with municipalities and private customers who are looking for complete and automated solutions integrating all their mobility needs.
Over the past few years, EYSA has evolved from a purely regulated parking operator to an integrated technology-based smart mobility services platform. HIG will continue to support EYSA in this evolution, providing the necessary resources to develop new mobility solutions for its existing customers and expanding EYSA’s international footprint.
Andrew Liau, Co-Head of HIG Infrastructure, said: “We are delighted to complete this acquisition while supporting EYSA’s top 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 make the critical transition to automated, sustainable and environmentally responsible operations. We intend to support EYSA’s management in its local and international ambitions.
Jaime Bergel, Managing Director of HIG Capital Europe, added: “EYSA will continue to work with local customers, providing municipalities with a one-stop solution to meet their increasingly complex mobility needs. Our intention is to support the company in its evolution and the deployment of its proprietary ParkXplorer and CityXplorer platform in order to provide best-in-class solutions.
Javier Delgado, CEO of EYSA, said: “The EYSA team is excited about the partnership with HIG which provides the company with a commitment to the Spanish market as well as expertise to help grow internationally. EYSA is a success story in Spain and thanks to a partnership with HIG, we are confident that we can continue our 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 benchmark for Spanish and international municipalities. EYSA provides an integrated solution to meet critical mobility needs for intelligent traffic management, access control, on-street parking, off-street parking, tax management and towing. For more information, please visit the EYSA website at https://eysaservicios.com/.
About HIG Capital
HIG is one of the world’s leading alternative asset investment firms with over $49 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium enterprises, using a flexible and operational value-driven -add-on approach:
HIG’s equity funds invest in management buyouts, recapitalizations and spin-offs of profitable and underperforming manufacturing and service companies.
HIG’s debt funds invest in senior, unitranche and junior debt financing of companies of all sizes, both on a primary (direct origination) basis and in the secondary markets. HIG is also a leading CLO manager, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.
HIG’s real estate funds invest in value-added properties, which can benefit from better asset management practices.
HIG Infrastructure is focused on making value-added and more grassroots investments in the infrastructure sector.
Since its inception in 1993, HIG has invested in and managed over 300 companies worldwide. The company’s current portfolio includes more than 100 companies with combined sales exceeding $30 billion. For more information, please visit HIG’s website at www.higcapital.com.
* Based on total capital commitments managed by HIG Capital and its subsidiaries.