M&AGeneralSIGNED
H.I.G. Capital acquires majority stake in L4A to support growth
Acquirer
H.I.G. Capital
Target
L4A
H.I.G. Capital, a global alternative investment firm, has acquired a majority stake in L4A. The investment aims to support L4A's continued growth and expansion. H.I.G. Capital manages $75 billion in capital.
✦ Meridian Analysis
H.I.G. Capital’s affiliate has signed a majority‑stake purchase of L4A, an Italian platform that delivers maintenance, renewal and upgrade services across airport airside, water and district heating infrastructure. H.I.G. injects capital while existing shareholders and the company’s co‑CEOs remain in control, preserving the entrepreneurial culture. The transaction is structured as a stake sale, with the private‑equity sponsor providing the financial resources needed to accelerate organic expansion and pursue complementary acquisitions, while L4A continues to operate under its current management team.
What remains undisclosed are the transaction price, the precise financing mix, and the timetable for the first post‑acquisition acquisitions. Deal professionals will also be watching for any regulatory approvals required for the expansion plans and for the identification of target assets that will complement L4A’s existing portfolio.
The Meridian Weekly
The week's largest deals and the Iberian ones, every Monday. Free.