H.I.G. Capital ("H.I.G.") announced that one of its affiliated companies has acquired a majority stake in L4A ("L4A" or "the Company"). H.I.G is a globally leading alternative investment firm that manages capital amounting to $75 billion. This investment was made in conjunction with the current shareholders of L4A and the management team, which will continue to lead L4A during the next phase of the company's development to ensure management continuity, professional capability, and strategic direction.

L4A is headquartered in the province of Bergamo, approximately 30 kilometers from Milan. Through its subsidiaries Artifoni, LSE, and MPM, its business covers three specialized areas of strategic infrastructure: airport apron infrastructure, water infrastructure, and regional heating. The company provides integrated infrastructure maintenance, renewal, and modernization services to leading infrastructure operators and large public utility companies. Its services extend from planning to execution, offering turnkey solutions that include both civil engineering and mechanical and electrical engineering. L4A has long been known for its integrated and flexible business and organizational model, which supports it in undertaking highly complex infrastructure projects.

The cooperation between the two parties combines the financial strength and global resources of H.I.G, as well as the industrial capabilities, technical expertise, and entrepreneurial culture of L4A. The investment from H.I.G aims to help L4A accelerate its growth through organic expansion and complementary acquisitions. The key aspects of their growth strategy include: consolidating the company's position in existing business areas, entering related sectors such as water treatment, energy, and strategic transportation infrastructure, expanding the provision of higher-value-added services, and expanding geographical coverage.

The Managing Directors in Italy, Raffaele Legnani and Giovanni Guglielmi, stated: " L4A is a strong platform, and its market is supported by structural growth trends as well as a steady demand for the maintenance and renewal of strategic infrastructure. We are delighted to collaborate with the shareholders and management team of L4A to accompany the company through the next phase of growth. Together, we will continue the successful development of L4A to date by accelerating organic growth and advancing an ambitious acquisition strategy, thereby expanding the company's capabilities, entering new markets, and enhancing its geographical coverage. Throughout this process, we will continue to be committed to preserving the entrepreneurial culture that has driven L4A's success and its high-quality team."

Co-Director Generals Roberto Paganessi and Andrea Diani of L4A added, "The collaboration with H.I.G is an important milestone in the development of L4A. Over the past few years, we have built a professional platform centered on execution quality and established long-term relationships with some leading infrastructure operators in Italy. Together with H.I.G, we hope to further accelerate growth by expanding our capabilities and geographical coverage, as well as by exploring new markets, while never forgetting our entrepreneurial spirit, technical expertise, and the core role of our employees within the company."

About L4A

L4A is headquartered in the province of Bergamo, approximately 30 kilometers from Milan. Through its subsidiaries Artifoni, LSE, and MPM, its business covers three specialized areas of strategic infrastructure: airport apron infrastructure, water infrastructure, and regional heating. The company provides integrated infrastructure maintenance, renewal, and modernization services to leading infrastructure operators and large public utility companies. Its services extend from planning to execution, offering turnkey solutions that include both civil engineering and mechanical and electrical engineering. L4A has long been known for its integrated and flexible business and organizational model, which supports it in undertaking highly complex infrastructure projects. For more information, please visit l4asrl.it.

Regarding H.I.G and Capital.

H.I.G is a globally leading alternative investment firm that manages capital amounting to $75 billion. The company is headquartered in Miami and has offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stanford in the United States. Additionally, its affiliated companies have international offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogota, Rio de Janeiro, Dubai, and Hong Kong. H.I.G focuses on providing debt and equity capital to medium-sized enterprises, adopting a flexible, operation-oriented, and high-value-added approach:

• The equity funds of H.I.G invest in management buyouts, capital restructurings, and spin-off transactions of manufacturing and service companies with both profitable and underperforming records.
• H.I.G's debt fund invests in senior, single-tranche, and subordinated debt financing of enterprises of various sizes, including both the primary market (direct lending) and the secondary market.
• H.I.G's real estate funds invest in value-added properties that can benefit from improved asset management.
• H.I.G. Infrastructure focuses on infrastructure sectors with potential for value addition and core value-enhancing investments.

Since its establishment in 1993, H.I.G has invested in and managed over 400 companies globally. The company's current portfolio includes more than 100 companies, with total revenues exceeding 53 billion US dollars. For more information, please visit the H.I.G website. hig.com.

*Based on the total capital raised by H.I.G, Capital and their affiliated companies.*

Contact Information:

Raffaele Legnani

Managing Director

[ email protected ]

Giovanni Guglielmi

Managing Director

[ email protected ]

H.I.G. European Capital Partners Italy S. r.l.

Via Dei Mercanti 12

2012 Milan, Italy

T: +39 02 45 37 5200

hig.com