H.I.G. Capital announces committed financing for Vantage acquisition

By Marisa Wong

Morgantown, W.Va., Sept. 20 – H.I.G. Capital, LLC announced committed financing for its planned acquisition of Vantage Specialty Chemicals Holdings, Inc. in a Wednesday press release.

Morgan Stanley, RBC Capital Markets and Jefferies are providing the financing.

H.I.G. will acquire Vantage from an affiliate of the Jordan Co., LP. Vantage was initially formed through H.I.G.’s acquisition of Croda International’s U.S. oleochemicals business and subsequently sold to Jordan.

The transaction is expected to close in October.

Vantage is a specialty chemicals manufacturer and distributor based in Chicago. H.I.G. is a private equity investment firm based in Miami.

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