HIG makes first investment from Madrid office

HIG Capital has invested €16m in a Spanish provider of audiovisual services. The investment comes after rating agency S&P downgraded Spain's credit rating to BBB-.

The European arm of Miami-based firm HIG Capital has acquired a 49.99 percent stake in Vértice 360 Servicios Audiovisuales (VSA), a Spanish provider in audiovisual services, for €16 million, it said in a statement.

VSA is part of Vértice 360, a provider of technical services and equipment for audiovisual production and advertising that is listed on the Spanish stock exchange.

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