Services :: Financial
H.I.G. Capital closes Ampac deal
10:17 AM MST | February 27, 2014 | Vincent Valk
Private equity firm H.I.G. Capital (Miami) says it has closed its $392-million acquisition of American Pacific (Ampac; Las Vegas) for $46.50/share, which was announced in January. Some 68.1% of American Pacific’s shares were tendered for $46.50 each in response to HIG’s tender offer, which expired yesterday. Ampac will now become a portfolio company of HIG capital. Ampac is the parent company of Ampac Fine Chemicals, a maker of pharma ingredients and intermediates for antiviral, oncology and central nervous system medications. Ampac shares, which...
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