H.I.G. Capital has completed the acquisition of a 73.78% majority stake in ALA from AIP Italia (the vehicle of founders Fulvio Scannapieco and Vittorio Genna). In a secondary transaction finalized in June 2025, H.I.G. also secured an additional 4.54% stake from Smart Capital and Smart ALA, bringing its total control close to 80% prior to the mandatory tender offer. The strategic rationale is to delist the company from the Borsa Italiana (Euronext Growth Milan) to facilitate an ambitious international development plan. As part of the deal structure, the founding families have reinvested to retain a 30% stake in the top holding vehicle (Wing HoldCo), ensuring management continuity. Following the completion of the 73.78% acquisition in October 2025, H.I.G. launched a mandatory takeover bid (OPA) to acquire the remaining floating shares and proceed with the delisting.

ALA is a leading Italian group specialized in the distribution, logistics, and supply chain management for the high-tech industries, with a primary focus on the aerospace and defense sectors. The organization also serves the railway and high-tech markets. Its business model centers on providing integrated "Service Provider" solutions, managing the procurement and distribution of high-performance hardware and components for global aerospace manufacturers. Headquartered in Naples, the group operates an international network, acting as a critical link in the aerospace industrial chain by optimizing inventory management and just-in-time delivery for mission-critical parts. The entity was listed on the Euronext Growth Milan in 2021 and has since pursued a strategy of international consolidation and industrial development.