HIG Europe makes four-times money on maiden deal

The private equity firm sells UK facilities company Europa to a German listed multinational

European buyout firm HIG Europe has exited its first investment in Europe, selling facilities company Europa Support Services to a German trade buyer.

In a statement dated December 16, the firm said it had agreed to sell Europa to Bilfinger, a Frankfurt-listed multinational company. The financial terms of the transaction were not disclosed, however one person familiar with the matter said the deal would net HIG a four-times return on its equity investment.

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