H.I.G. Capital takes majority stake in Italy's L4A

H.I.G. Capital, an alternative investment firm with $75 billion under management, acquired a majority stake in L4A through an affiliate. Based near Milan in Bergamo province, L4A operates via subsidiaries Artifoni, LSE and MPM in airport airside, water and district heating infrastructure. Existing shareholders and co-CEOs remain invested and continue to lead the company. Terms were not disclosed.

Why it matters: H.I.G. plans to back organic growth and add-on acquisitions in water, energy and transportation infrastructure niches.