HIG Capital Expands European Healthcare Platform with Avanta Salud Investment

H.I.G. Capital is deepening its European healthcare footprint with a definitive agreement to acquire majority control of Avanta Salud Integral, one of Spain’s leading providers of occupational health and safety services. The deal highlights the Miami-based firm’s strategy of targeting essential industries where regulation, compliance, and demographic shifts create long-term demand.

A Market Leader in Workplace Health

Headquartered in Valencia, Avanta Salud operates more than 250 medical centers and mobile units across Spain, serving over 100,000 clients that collectively employ more than one million workers. The company delivers both mandatory workplace services required by Spanish and EU law—such as health surveillance, risk assessments, and compliance consulting—and elective programs like mental health support and absenteeism management.

Josep Pla, Avanta’s founder and president, will retain a minority stake in the company and continue to lead operations. “Our commitment to delivering the highest-quality services has been key to bringing us to where we are today,” Pla said. “H.I.G.’s deep healthcare and business services expertise, combined with its pan-European presence, makes it the ideal partner for our next chapter.”

Building on a European Strategy

The acquisition adds to a string of recent moves across Europe. H.I.G. recently sold Spanish mobility operator EYSA Group to Tikehau Investment Management, crystallizing strong returns after doubling EBITDA and expanding the company into a global smart mobility platform. Earlier in the month, the firm also acquired Finland’s Fluo Group, a recycling business aligned with the region’s push toward circular economy models.

For H.I.G., the Avanta deal fits neatly within this pattern: investing in platforms that combine resilient demand with opportunities for expansion and consolidation. Rohin Jain, Managing Director at H.I.G. Capital Middle Market Europe, described Avanta as “mission-critical,” noting its role in helping employers comply with regulation while enhancing workforce productivity.

Positioning for Growth in Healthcare

Spain’s healthcare compliance sector has proven remarkably resilient, driven by regulatory requirements and employer obligations. At the same time, elective offerings such as mental health programs and absenteeism management are becoming increasingly important to companies looking to retain talent and boost productivity.

With nearly 2,500 professionals on staff, Avanta has both the scale and infrastructure to capitalize on these trends. H.I.G.’s investment is expected to accelerate growth by broadening regional coverage, introducing new elective services, and exploring add-on acquisitions in fragmented parts of the Spanish healthcare market.

Expanding Capabilities Beyond Healthcare

The Avanta acquisition comes as H.I.G. strengthens its platform globally. In August, the firm closed the $5.9 billion WhiteHorse Middle Market Lending Fund IV, the largest in its lending division, and launched a GP Solutions Platform with a senior team recruited from Morgan Stanley. These moves expand H.I.G.’s ability to provide financing and liquidity solutions alongside its core private equity and infrastructure investments.

The firm also bolstered its Small-Cap & Growth division with the appointment of Harrison B. Davis as Managing Director, enhancing its capacity to scale smaller companies in both North America and Europe.

Long-Term Vision

Founded in 1993, H.I.G. Capital operates from 19 global offices and manages $70 billion in assets. The firm has invested in more than 400 companies, with current portfolio holdings generating over $53 billion in annual revenues.

The acquisition of Avanta Salud underscores H.I.G.’s conviction that healthcare, like mobility and environmental services, represents a long-term growth market where scale, compliance expertise, and platform-building can create durable value. By combining resilient regulatory-driven demand with opportunities to expand elective services, Avanta gives H.I.G. a foothold in one of Europe’s most essential sectors.