HIG Capital Reaps Strong Returns with EYSA Exit After Mobility Platform Transformation
Written By: BOSS Editorial
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H.I.G. Capital has completed the sale of EYSA Group to Tikehau Investment Management, generating attractive returns from a three-year repositioning that turned the Spanish parking operator into a global smart mobility player. The transaction highlights the Miami-based firm’s value-add infrastructure strategy as it continues an active streak of European dealmaking.
From Local Operator to Global Platform
Acquired in May 2022, EYSA was initially a domestic parking manager with a strong regional footprint but limited scale. Under H.I.G.’s ownership, the company more than doubled EBITDA and expanded internationally through five acquisitions, extending operations into more than 30 countries.
Today EYSA manages around 330,000 parking spaces under 270+ contracts, offering integrated services across on-street and off-street parking, tolling, traffic management, and low-emission zones. The expansion positioned the company to capture secular trends in sustainability and smart city infrastructure.
“H.I.G. has been instrumental in positioning EYSA as a market leader, helping the company expand into new, high-growth markets,” said Javier Delgado, CEO of EYSA. “The firm backed strategic initiatives that reinforced our ability to support cities in their transition to more automated, sustainable, and environmentally responsible solutions.”
Andrew Liau, Head of Europe Infrastructure at H.I.G., added: “The EYSA team has done an outstanding job transforming the company from a single-market operator to a global platform and leader in the sustainable mobility solutions space, as demonstrated by the very attractive investment returns this exit has generated.”
Strategic Repositioning in Action
The EYSA case illustrates H.I.G.’s approach to infrastructure investing: targeting established companies with stable foundations and scaling them into platforms through operational improvement, technology integration, and bolt-on acquisitions.
During H.I.G.’s ownership, EYSA broadened its service scope beyond traditional parking into advanced traffic optimization, environmental compliance, and AI-enabled tools. These additions positioned the firm as a partner to municipalities seeking solutions that reduce congestion, cut emissions, and unlock new revenue streams.
The transformation also reflects growing investor appetite for infrastructure assets tied to sustainability and urbanization trends—sectors expected to generate consistent demand regardless of economic cycles.
Part of a Broader European Push
The EYSA sale fits into a wider European strategy for H.I.G. Infrastructure, which in August also acquired Finland’s Fluo Group, a circular economy waste management platform, and signed a definitive agreement to acquire Spanish healthcare provider Avanta Salud Integral. Both moves tap into regulatory and demographic tailwinds: Europe’s shift to recycling mandates and the rising demand for workplace health services.
Beyond deal activity, H.I.G. closed the $5.9 billion H.I.G. WhiteHorse Middle Market Lending Fund IV—its largest to date—and launched a GP Solutions Platform to pursue continuation vehicles and GP-led transactions with a team recruited from Morgan Stanley’s secondaries division. The firm also strengthened its Small-Cap & Growth division with the appointment of Harrison B. Davis as Managing Director.
A Diversified Growth Model
Founded in 1993 by Sami Mnaymneh and Tony Tamer, H.I.G. Capital has grown into one of the most diversified alternative investment managers, overseeing $70 billion across private equity, growth equity, real estate, direct lending, infrastructure, and healthcare. Operating from 19 offices worldwide, it has invested in more than 400 companies, with current portfolio firms generating over $53 billion in revenue.
The EYSA exit reinforces the firm’s reputation for identifying underutilized infrastructure assets and repositioning them for global growth. For H.I.G., the deal was not just a profitable exit, but a demonstration of how value can be unlocked when operational discipline meets secular market shifts.
