Key Takeaways
- Tikehau Capital acquired H.I.G. Capital for $646.0M.
- Sector: Transport Infrastructure & Services (traditional).
- Geography: Spain.
Analysis
On May 19, 2025, Tikehau Capital announced it has completed the acquisition of Estacionamientos y Servicios SAU (EYSA) from H.I.G. Capital, marking a significant step in building a €200 million smart-mobility platform aimed at global expansion. The deal, sealed at €600 million, more than doubled H.I.G.’s original 2021 investment and underscores Tikehau’s conviction in the long-term growth of smart parking and urban-mobility solutions.
Strategic Rationale
EYSA, headquartered in Madrid with operations in 60 countries, boasts a leading position in the management of on-street and underground regulated parking, complemented by proprietary IoT-enabled mobility software. Tikehau plans to leverage EYSA’s established platform—and its recent bolt-on acquisitions—to accelerate roll-out into new markets and cross-sell value-added digital services.
Bolt-On Acquisitions to Date
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January 2024: Acquisition of Brazilian operator Serbet
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April 2024: Purchase of Net4things, a connected-vehicle data platform
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September 2024: Buy-out of Tradesegur, specialist in road-safety systems
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November 2024: Integration of Codice Technologies’ public-transport tech unit
Financial Profile & Growth Outlook
In calendar year 2024, EYSA generated approximately €200 million in revenues, with EBITDA north of €50 million, driven by a diversified portfolio spanning urban (65 %), interurban (25 %), and truck-parking (“Mowiz”, 10 %) segments. Tikehau Capital intends to deploy its €6.6 billion dry powder to fund further technology integrations and selective add-on acquisitions, targeting annual platform revenues of €200 million+ by 2027.
Leadership Commentary
Jaime Bergel, Managing Partner of Tikehau Capital Spain, said:
“This acquisition cements our position in the fast-growing smart-mobility sector. EYSA’s combination of physical assets and digital capabilities aligns perfectly with our strategy to build resilient, multi-asset platforms for the future of urban transportation.”
Iván Pérez, EYSA’s Strategy Director, added:
“Under Tikehau’s ownership, we will accelerate our innovation roadmap—enhancing our AI-driven parking-optimization tools, expanding our intercity truck-parking network, and delivering greener, more efficient mobility solutions worldwide.”
Market Impact & Outlook
The completion of this transaction positions Tikehau Capital as a major consolidator in the €15 billion global regulated-parking market, which is forecast to grow at a 5 % CAGR through 2030. Analysts expect synergies from combined data-analytics capabilities, operational efficiencies, and an expanded geographic footprint to drive double-digit EBITDA growth over the next three years.