H.I.G. Capital takes majority stake in Italian infrastructure firm L4A

An affiliate of H.I.G. Capital, which manages $75 billion, has acquired a majority stake in L4A, a Bergamo-based platform maintaining and upgrading airport airside, water and district heating infrastructure through subsidiaries Artifoni, LSE and MPM. Existing shareholders and co-CEOs remain invested and will keep running the company. Terms were not disclosed.

Why it matters: H.I.G. plans to grow L4A organically and through add-on acquisitions in Italy's infrastructure services market.