Artá Capital, Corpfin Capital and the shareholders resulting from the integration of Cualtis have today announced an agreement for the sale of their majority stake in Vítaly to H.I.G. Capital. The completion of the transaction remains subject to customary approvals for this type of deal, including merger control clearance by the European Commission and foreign direct investment approval in Spain.
Vítaly’s founding partners, Andrés López and Jesús Nieto, will remain investors and continue serving as CEOs. Together with the management teams of Vítaly and Avanta, they will lead the integration of both companies. Josep Pla, founder of Avanta, and private equity fund MCH will also join the Board of Directors of the new business group.
Vítaly is a leading Spanish project in the provision of consulting services in Occupational Health and Safety, Workplace Health and Regulatory Compliance. Founded in Extremadura, the company has more than 25 years of experience.
The company currently has more than 4,200 employees, 150,000 clients and protects a workforce population of 2.5 million people. It also operates 190 owned centers and 100 mobile units for health examinations. Its sustained growth has positioned Vítaly as a leading operator in the sector in terms of reputation, growth and profitability.
Artá Capital and Corpfin Capital have supported the founding partners José Rey, Andrés López and Jesús Nieto throughout the company’s intense transformation process. The company has played a significant role in the consolidation of the sector and in the early adoption of new technologies and applied AI solutions.
Meanwhile, Avanta has established itself as a benchmark operator in the occupational risk prevention sector through a successful organic and inorganic growth strategy. Headquartered in Valencia, the company has more than 100,000 clients and a professional team of over 2,000 employees.
The new executive partners of the joint project stated that they are “very excited about the creation of a leader in Occupational Risk Prevention in Spain and Europe, with highly relevant challenges ahead such as international expansion and the development of AI-based digital services focused on the wellbeing, safety and health of workers and companies.”
Arcano Baird, Boston Consulting Group, Deloitte and Garrigues advised the sellers on the transaction.
H.I.G. Capital was advised by Alvarez & Marsal, Cuatrecasas, Ernst & Young and Paul, Weiss.
Artá Capital
Artá Capital is an independent private equity manager specialized in the Iberian market. Since its foundation in 2008, it has established itself as one of the most active firms in the Iberian mid-market segment, driving the growth and transformation of leading companies in their respective sectors.
Artá Capital positions itself as a long-term strategic partner for entrepreneurial families and management teams, supporting expansion, internationalization and sector consolidation projects. Since its inception, the firm has invested more than €1 billion in 24 companies and has completed more than 60 add-on acquisitions through its portfolio companies.
At the end of 2024, Artá Capital announced the successful closing of its third fund, with €400 million of committed capital, having already invested in five companies.
More info: https://artacapital.com/
Corpfin Capital
Corpfin Capital, founded in 1990, is the private equity firm with the longest track record in Iberia. Its investment model is based on collaboration with founders, entrepreneurs and management teams, sharing a common vision focused on accelerating business growth and transformation.
Since its creation, Corpfin Capital has raised six institutional funds totaling more than €1.2 billion and has supported more than 50 business projects across different sectors, in addition to driving more than 80 acquisitions of complementary or competing companies through its portfolio companies.
Corpfin Capital is led by Alberto Curto, Álvaro Olivares, Fernando Trueba and Gorka García.
More info: https://www.corpfincapital.com/
H.I.G. Capital
H.I.G. Capital is one of the world’s leading alternative investment firms, with approximately $74 billion of assets under management and a presence in the main markets across Europe, North America and Latin America.
Recognized for combining global scale with operational agility, H.I.G. specializes in both growth investments and financing strategic acquisitions for mid-sized and large companies. Through its European platform, the firm brings extensive experience in buy-and-build strategies and international expansion processes.
More info: https://hig.com/
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