H.I.G. Nears $1B Deal for Vantage Specialty Chemicals

9/20/17

H.I.G. Capital is nearing a deal to re-acquire Vantage Specialty Chemicals, a US manufacturer of natural additives for personal care, food, consumer and industrial end markets, from fellow private equity firm The Jordan Company for around US$1 billion, according to two sources familiar with the matter.

A deal could be announced as soon as this week, according to the sources, who asked not be named because the matter is private and negotiations are ongoing.

If a sale is successful, it would come as consumers increasingly demand transparency on product ingredients in support of healthier and more environmentally-conscious lifestyle choices, and manufacturers of all stripes attempt to cash in on the behavioral shift.

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