#H.I.G. Capital #London #United Kingdom #Avanta Salud #Vitaly Group

H.I.G. Capital Acquires Vitaly Group to Enhance Workplace Health Services

H.I.G. Capital, a leading global alternative investment firm managing 74 billion USD in capital, has announced a significant move in the health and safety sector. The firm revealed that its portfolio company, Avanta Salud, has finalized an agreement to acquire Vitaly Group, a prominent provider of occupational health and safety (OHS) services in Iberia. This strategic acquisition is expected to consolidate the strengths of both companies and lead to enhanced service offerings in the workplace health sector.

Background of the Acquisition

The acquisition marks a pivotal moment for both H.I.G. Capital and Avanta Salud. Vitaly, co-founded by Jesús Nieto and Andrés López, is well-respected in the industry, known for delivering OHS solutions across Spain. The integration with Avanta is poised to enhance service capabilities, especially in terms of technological advancen in health monitoring and other essential services. Avanta and Vitaly have both catered predominantly to small and medium-sized enterprises (SMEs) in Spain, collectively servicing over 240,000 clients and protecting around 4 million workers through 505 centers employing approximately 5,500 staff members.

Rohin Jain, Managing Director at H.I.G. Middle Market Europe, commented on the significance of this acquisition, stating, "The acquisition of Vitaly is a critical transaction for Avanta and for H.I.G. in Europe. We are merging two operationally advanced companies in OHS to establish a platform of true continental scale."

Impacts of the Merger

With the acquisition, both companies are anticipated to leverage significant synergies and complementary service models. The combined entity will be well-positioned to accelerate international expansion, particularly with the integration of Vitaly's sophisticated AI capabilities that have been embedded into their core services. This technology enhancement is expected to differentiate the merged platform in a highly competitive market.

Josep Pla, founder of Avanta, expressed confidence in the merger: "Combining with Vitaly represents a major step towards our goal of building Europe's leading workplace health platform. Both companies share values, commitment to quality, and operational excellence."

The Vision for the Future

Both Nieto and López, who have invested two and a half decades in establishing Vitaly as a respected name in occupational health, view this merger as a careful and strategic choice. They have been searching for the right partner for this next chapter, and their decision to align with H.I.G. and Avanta reflects a shared commitment to quality and technological focus.

In addition to traditional OHS services, Avanta offers innovative ROI-based healthcare options targeting mental health, absenteeism management, and other preventive care efforts, increasingly demanded by employers. This positions the combined group favorably amidst a competitive labor market striving for employee wellness and productivity.

About Avanta Salud and Vitaly Group

Avanta, headquartered in Spain, specializes in OHS services including health monitoring and compliance consulting necessary for various industries. These offerings play a crucial role in meeting stringent workplace safety regulations across Spain and the EU.

Conversely, Vitaly, based in Badajoz, Spain, serves about 140,000 clients and protects approximately 2.5 million employees through a national network of centers and mobile units. The collaboration promises to provide enhanced services catering to an expanding client base.

Conclusion

This acquisition is reflective of H.I.G. Capital's strategy of nurturing substantial growth in mid-market companies across Europe. With ongoing investments in Avanta and the integration of Vitaly's offerings, the firm continues to aim for transformative value creation in the regulatory and resilient sector of workplace health. As the combined entity looks toward the future, both organizations are eager to embark on the journey ahead, bolstered by a shared vision of excellence in occupational health services.

For more information, visit H.I.G. Capital.