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Thursday, February 22, 2024

Jones Day advises Portobello on the closing of the sale of EYSA to H.I.G. Capital, advised by HSF

Jones Day has counselled Portobello Capital on the closing of the sale of EYSA to H.I.G. Capital, counselled by HSF

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Portobello Capital, Spain’s leading mid-market private equity firm, has closed the sale of EYSA, a pioneer in smart mobility solutions, to a subsidiary of global asset manager H.I.G. Capital. The deal follows Portobello’s sale to Mutua Madrileña of EYSA’s digital mobility division (ElParking and Imbric) last September.

The combined sale of EYSA and its digital mobility division is the largest transaction in the Smart Mobility industry in Spain in recent years and represents the consolidation of the strategic plan driven by Portobello Capital since its entry into the company in 2015.

In that time, and with Portobello’s support, EYSA has experienced significant growth in its traditional business, with the company now offering services in more than 150 Spanish cities and managing 280,000 parking spaces.

As Portobello’s in-house team, Casilda Bautista has led the transaction, counting on the advice of Jones Day’s team which was led by M&A partner Federico Merino and of counsel Beatriz Piriz.  

Alberto Frasquet (centre left), Iria Calviño (centre right). Left: Mercedes Olmos, Álvaro Silva, Carmen Hermosín. Bottom: Cristina Díez de Rivera, Ricardo Echevarría, Dany Al-Tinawi and Miguel Ángel Barroso

Herbert Smith Freehills’ team advising H.I.G. was led, from Corporate, by partner Alberto Frasquet, Mercedes Olmos and Álvaro Silva; from finance Carmen Hermosín, Cristina Díez de Rivera and Ricardo Echevarría; from Real Estate, Dany Al-Tinawi;and from Public Law, partner Iria Calviño, senior associate Miguel Ángel Barroso, associate Mónica de Hevia, Catalina Hierro.

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