HIG Capital to acquire a 73.8% stake in ALA from AIP Italia.

HIG Capital, a global private equity firm, agreed to acquire a 73.8% stake in ALA, a logistics and engineering services provider in the aerospace and defense sectors, from AIP Italia, a holding company owned by Fulvio Scannapieco and Vittorio Genna. Financial terms were disclosed. ‘We are particularly pleased to to announce the agreement with HIG, which represents a further growth milestone in ALA's journey. We believe HIG is the right partner to continue the success story of this company together. We can be proud of the incredible growth path of the last few years that guarantees full shareholder satisfaction,"Fulvio Scannapieco, ALA and AIP Italia President.