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People & Business :: M&A
Vantage Changes Owners
10:44 AM MST | January 6, 2012 | Vincent Valk
Private equity firm HIG Capital (Miami) says it has sold Vantage Specialty Chemicals (Chicago) to The Jordan Company (New York), another private equity firm. Financial details of the transaction were not disclosed. HIG acquired Vantage, the former U.S. oleochemicals business of Croda, in 2008 for $91.5 million. In 2010, HIG Capital bought Lipo Chemicals for an undisclosed sum and merged it with Vantage. Earlier, in 2008, HIG acquired Lambent Technologies, which also became a part of Vantage. The combined company has over $500 million in annual revenue...
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