HIG Capital in talks with Ribera Salud

US-based HIG Capital is discussing a possible acquisition of Ribera Salud from Bankia and Banco Sabadell, which currently own 50% of the company.

The GP's portfolio also includes Spanish animal feed producer Núter, formally known as Saprogal, which HIG backed in 2010.

HIG opened a Madrid office in 2012 and appointed Jaime Bergel as managing director to lead its operations in Spain. The first deal completed from the new office was the acquisition of a 50% stake in Spanish audiovisual group Vértice 360 Servicios Audiovisuales for €16m in October 2012.

Healthcare has proved a particularly resilient sector within Spanish private equity, second only to industrials in terms of overall deal value and third in volume over the last five years.

HIG Capital did not wish to comment. 

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