H.I.G. Capital Signs Binding Agreement for the Sale of Xtera

LONDON, Dec. 30, 2025 /PRNewswire/ -- H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $72 billion of capital under management, is pleased to announce that one of its affiliates has entered into a binding agreement for the sale of its portfolio company, Xtera Limited (including members of its group, "Xtera" or the "Company"), to a joint venture led by Prysmian S.p.A. and Fincantieri S.p.A. The sale of Xtera remains subject to regulatory approvals, and completion of the transaction is expected to occur in the first quarter of 2026.