Completed · Italy · Construction and engineering
H.I.G. Capital takes a majority stake in L4A.
An affiliate of H.I.G. Capital, the Miami-based investment firm, announced on 22 October 2026 that it had acquired a majority stake in L4A, a company in the province of Bergamo, Italy, that maintains and upgrades airport airside, water and district heating infrastructure through its subsidiaries Artifoni, LSE and MPM. The deal completed on 22 October 2026.
SigningDay 100
Announced 22 October 2026 · Day 100 on 30 January 2027
- Buyer
- H.I.G. Capital, L.L.C. ·Miami, United States
- Target
- L4A S.r.l. ·Italy
- Type
- Majority stake
- Announced
- 22 October 2026
- Completed
- 22 October 2026
- Value
- Not disclosed
- People
- Not stated in the release
- Last checked
- 28 October 2026
The people side in Italy
- In a business transfer involving more than 15 workers, seller and buyer give the unions written notice at least 25 days before completion or any earlier binding agreement. Law 428/1990, article 47
- If the unions ask in writing within seven days, seller and buyer open a joint examination within seven days; consultation ends after ten days without agreement. Law 428/1990, article 47
- A non-EU buyer taking control of an Italian company holding strategic assets, such as in energy, transport or communications, notifies the government within ten days; the government has 45 days to act. Decree-Law 21/2012 (golden power), article 2
- Where combined Italian turnover exceeds EUR 595 million and at least two parties each exceed EUR 36 million in Italy, the deal must be notified to the competition authority (AGCM). AGCM: Soglie di fatturato (turnover thresholds), updated 16 March 2026
- Where the deal needs EU merger clearance, the buyer may not implement it before clearance. EU Merger Regulation (Council Regulation (EC) No 139/2004), article 7
Sources
- H.I.G. Capital press release (PR Newswire), 22 October 2026 (primary source)
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