#USA #H.I.G. Capital #Miami #Avanta Salud #Vitaly Group

H.I.G. Capital's Strategic Takeover of Vitaly Group

In a significant move to enhance its portfolio in occupational health services, H.I.G. Capital, a prominent global alternative investment firm with assets under management totaling $74 billion, recently announced that its portfolio company, Avanta Salud, has successfully finalized the acquisition of Vitaly Group. This acquisition marks a notable expansion for H.I.G. and Avanta in the Iberian Peninsula, targeting a high-demand sector where workplace health and safety are of paramount importance.

Strengthening Workplace Safety

Vitaly Group is recognized as one of the leading providers of Occupational Health and Safety (OHS) services in the region. Co-founders Jesús Nieto and Andrés López, who will continue to steer Vitaly's operations alongside H.I.G. and Avanta’s founder Josep Pla, have expressed their commitment to reinvesting in the combined enterprise, underscoring a shared belief in the potential of the integrated platform. This merger unites two complementary organizations, both of which excel in delivering technical prevention, occupational medicine, training, and health services, primarily catering to small and medium-sized enterprises (SMEs) across Spain.

The newly formed organization is poised to serve over 240,000 clients, encompassing nearly 4 million protected employees, operating out of 505 locations supported by a workforce of approximately 5,500 employees. This robust infrastructure positions the merged company effectively for further international expansion and service enhancement.

Expanding Technological Capabilities

Moreover, Vitaly's advanced artificial intelligence capabilities, embedded in various back-office workflows and occupational health monitoring, play a critical role in enhancing service efficiency and integration across the expanded organization. These technological advancements symbolize a unique selling proposition that is expected to differentiate the newly merged entity within a competitive marketplace.

Rohin Jain, Managing Director at H.I.G. Middle Market Europe, characterized the acquisition as a landmark transaction in the European market, combining two of the most dynamic OHS companies in the Iberian region. He highlighted the strategic rationale behind the merger, emphasizing the complementary service models, significant synergies, and a shared leadership team seasoned in scaling and integrating businesses. Jain stated, “We are building a market leader in a resilient, highly regulated sector with considerable organic growth opportunities and the potential for international expansion.”

A Vision for Growth

Josep Pla remarked on the merger's importance as a step toward realizing Avanta's goal of establishing a dominant workplace health platform in Europe. The alignment of values between Avanta and Vitaly strengthens their commitment to quality and operational excellence. Jesús Nieto and Andrés López echoed Pla’s sentiments, expressing pride in their 25-year journey to establish Vitaly as a trusted name in Spain's occupational health landscape. They emphasized their meticulous approach to selecting the right partner, believing that H.I.G. represents a distinctive alliance focused on quality and technology-driven success.

About Avanta Salud

Founded and headquartered in Spain, Avanta is a premier provider of occupational health and safety services dedicated to fulfilling mandatory workplace procedures. Its core offerings include health monitoring, technical prevention, risk management, training, and compliance consultations, vital for employers across numerous industries to adhere to stringent regulations dictated by Spanish and EU law. Furthermore, Avanta also provides optional health services aiming to alleviate employees' mental burdens and improve overall wellbeing, catering to an increasingly competitive job market.

About Vitaly Group

Operating under the banner of Vitaly, which was formed in 2022 through the merger of Grupo Preving and Cualtis, the company primarily focuses on occupational health services in the Iberian Peninsula. Currently, with a network that includes around 387 centers and 147 mobile units, Vitaly protects about 2.5 million workers across its client base of approximately 140,000.

Conclusion

H.I.G. Capital's acquisition of Vitaly Group through Avanta Salud stands not only as a transformative opportunity but also as a commitment to enhancing workplace health and safety standards in Spain. As both companies strive toward shared growth and excellence, they are well-positioned to redefine the future of occupational health services in the region. For more information on their services, you can visit avantagrupo.com and vitaly.es.