The Founder and MCH Private Equity have agreed to sell Avanta to H.I.G. Capital

Avanta

Headquartered in Spain and founded by Josep Pla, Avanta is a leading provider of comprehensive occupational health and safety services. Avanta’s core business focuses on mandatory, legally required occupational health services, including health surveillance, technical prevention, risk engineering, training and compliance consulting. These services are critical for employers across all sectors to meet stringent workplace health and safety obligations under Spanish and EU law. In addition to its core offering, Avanta provides elective physical and mental health services for employees. The company operates more than 250 medical centers and mobile units, ensuring broad regional coverage and specialized service delivery across the Iberian Peninsula. Today, Avanta serves more than 100,000 client companies and covers more than 1.1 million workers.

The Deal

Lincoln International acted as the exclusive sell-side advisor to the founder and MCH Private Equity, providing mergers and acquisitions (M&A) advisory services and leveraging its extensive expertise in multi-site business models and unrivaled sector know-how in the highly sought-after occupational health and safety (OHS) market. Through a rigorous and targeted market approach, supported by a well-structured pre-NBO phase, Lincoln International ensured that pre-qualified investors were thoroughly prepared to submit robust, well-considered NBOs. This resulted in a highly selective process, in which H.I.G. Capital presented an exceptionally attractive solution for the founder, MCH Private Equity and the management team. This landmark transaction underscores the strong market momentum in the pan-European OHS sector.

Josep Pla, President and Founder of Avanta, commented, “I am absolutely delighted to welcome H.I.G. Capital as a new partner and investor in Avanta. This strong partnership marks a significant milestone and will help ensure Avanta’s continued growth and success. Congratulations also to the Lincoln International deal team, which orchestrated a highly competitive sales process and contributed to the successful completion of the transaction.”

Our Perspective

Dirk-Oliver Löffler, Lincoln International Managing Director and Co-Head of Healthcare, Europe, who led the transaction, commented, “We are pleased to have advised the founder and MCH Private Equity on the sale of Avanta to H.I.G. Capital, marking a landmark transaction not only in the Spanish market but also in the pan-European OHS sector. We congratulate the entire Avanta team and H.I.G. Capital on the successful completion of this deal and look forward to seeing the business capitalize on the significant opportunities ahead.”

Iván Marina, Lincoln International Managing Director and Head of Spain who co-led the transaction, commented, “We are thrilled to have advised Avanta’s shareholders on securing a successful investment from H.I.G. Capital, and we look forward to seeing the business thrive in its continued growth and success. This transaction further highlights Lincoln International’s strong cross-border collaboration and proven expertise in executing pan-European transactions.”

MCH Private Equity

Madrid-based MCH Private Equity, founded in 1998, is a leading independent middle market private equity firm with more than €1.3 billion under management. The firm partners with family-owned and founder-led businesses, supporting international growth and transformation through strategic investments. Having raised nine funds and completed around 60 transactions, MCH focuses on backing strong management teams to accelerate expansion and drive value creation across diverse sectors. Current healthcare investments include Farmalíder, Cloverty, Noucor, and Audição Activa.

H.I.G. Europe

Miami-based H.I.G. Capital, founded in 1993, is a leading global alternative investment firm specializing in the middle market segment. With approximately $70 billion in equity capital under management, the firm pursues flexible, operationally driven investment strategies across private equity, growth equity, real estate, direct lending, special situations credit and infrastructure. H.I.G. Capital has a truly global footprint, with offices in North America, Europe, Latin America, the Middle East and Asia. Its current healthcare investments in Europe include Aspire Pharma, ITH Group, Lovett Care, Meyra Group, Polygon and Vernacare.

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