HIG Europe has increased its stake in Spanish audiovisual group Vértice 360 Servicios Audiovisuales (VSA) to 50.01%, exercising a call option following the purchase of a 49.99% stake in 2012.
Gyrus is fundraising for both its open-ended Cortex Fund and closed-ended Principal Fund
Fund targets companies operating in a wide range of sectors and deploys tickets in the $50-500m range
Predecessor vehicle PEC III closed on $389m in October 2017 and is now fully deployed
Arlington expects to put fresh capital into the business and grow it through acquisitions