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Business
H.I.G. buys Vantage Specialty again
by Marc S. Reisch
October 2, 2017
| A version of this story appeared in
Volume 95, Issue 39
Private equity firm H.I.G. Capital sold oleochemicals maker Vantage Specialty Chemicals in 2012, and now is buying it back. Industry sources put the purchase price at $1 billion. H.I.G. first bought the former U.S. oleochemicals business of Croda International for $90 million in 2008 and made several additions to it, including personal care ingredients maker Lipo Chemicals, before selling it to the Jordan Co., another private equity firm. Jordan will retain a minority position in Vantage.
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