M&A Deal Summary

H.I.G. Private Equity Acquires DCL

On October 5, 2016, private equity firm H.I.G. Private Equity acquired chemicals company DCL

Acquisition Highlights
  • This is H.I.G. Private Equity’s 7th transaction in the Chemicals sector.
  • This is H.I.G. Private Equity’s 9th transaction in Canada.
  • This is H.I.G. Private Equity’s 4th transaction in Ontario.

M&A Deal Summary
Date 2016-10-05
Target DCL
Sector Chemicals
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

DCL

Toronto, Ontario, Canada
website
DCL Corp. is a global pigment supplier across a wide range of industries and end markets. DCL serves over 1,500 customers in 75 countries worldwide, including the top global paint manufacturers. The Company supplies and services large, sophisticated customers utilizing products in highly demanding applications, including global automotive coatings, architectural coatings, specialty inks, and consumer & industrial plastics. DCL Corp. was founded in 1946 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 193 of 350
Sector (Chemicals) 7 of 13
Type (Buyout (LBO, MBO, MBI)) 66 of 102
State (Ontario) 4 of 6
Country (Canada) 9 of 14
Year (2016) 12 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-07 Texbond

Rovereto, Italy

Texbond is a producer of specialty polypropylene nonwovens. Texbond’s products are designed and developed to meet specific technical client needs and are manufactured with highly sophisticated lines for specific “niche” applications in a number of industries, such as hygienic, medical, construction, automotive, household, and agriculture. Texbond is based in Rovereto, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Empire Today

Northlake, Illinois, United States

Empire Today is a provider of installed home improvements and home furnishings. Empire serves residential and business customers with a wide selection of products suitable for homes, small businesses, organizations, and commercial applications. Empire’s line of quality, name-brand products includes carpet, hardwood, laminate, ceramic, vinyl flooring, and window treatments. The company provides shop-at-home convenience or on-site consultation, next-day professional installation on many products, quality products at great prices, and world-class service to about 70 of the largest metropolitan areas in the US. Empire Today was founded in 1959 and is based in Northlake, Illinois.

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Mergr

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