M&A Deal Summary

International Chemical Investors Group Acquires HCS Group

On September 1, 2023, International Chemical Investors Group acquired chemicals company HCS Group from H.I.G. Private Equity

Acquisition Highlights
  • This is International Chemical Investors Group’s 3rd transaction in the Chemicals sector.
  • This is International Chemical Investors Group’s 2nd transaction in Germany.

M&A Deal Summary

Date 2023-09-01
Target HCS Group
Sector Chemicals
Buyer(s) International Chemical Investors Group
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

HCS Group

Hamburg, Germany
HCS Group is a supplier of solutions for high-end hydrocarbons and specialties. The HCS Group produces a wide range of speciality chemicals which are used in industries such as downstream chemicals, pharmaceuticals, agro-chemicals and printing inks. It also produces performance fuels and antifreeze products. HCS Group was founded in 1898 and is based in Hamburg, Germany.

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Buyer(S) 1

Buyer

International Chemical Investors Group

Luxembourg, Luxembourg

Category Company
Founded 2004
Sector Diversified
Employees3,500
DESCRIPTION

International Chemical Investors Group is an industrial holding company focusing on chemicals and pharmaceutical businesses.


DEAL STATS #
Overall 5 of 5
Sector: Chemicals M&A 3 of 3
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Germany M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-28 inprotec

Heitersheim, Germany

inprotec is a contract manufacturer for industrial drying and granulation services using fluidised-bed spray granulation, coating, matrix encapsulation, and spray drying technologies. inprotec was established in 1999 and is based in Heitersheim, Germany.

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Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider 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 is based in Miami, Florida.


DEAL STATS #
Overall 163 of 180
Sector: Chemicals M&A 8 of 10
Type: Add-on Acquisition M&A Deals 68 of 72
Country: Germany M&A 8 of 9
Year: 2023 M&A 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-24 Pegasus Home Fashions

Elizabeth, New Jersey, United States

Pegasus Home Fashions is a poly-filled pillow manufacturer. The Company services blue-chip customers within the mass-market, warehouse club, and specialty channels. In addition to selling under its own proprietary brands (including the “Essence Of” collection, Planet Pillow, and America’s Pillow), Pegasus manufactures for a portfolio of licensed brands (including Martha Stewart, BCBG Max Azria, and Beautyrest) and private label customers. The Company also wholesales ancillary bedding products, including mattress pads, toppers, and pillow protectors. Pegasus Home Fashions was founded in 1990 and is based in Elizabeth, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 Recochem

Montreal, Quebec, Canada

Recochem is a producer, contract packager and wholesale distributor of household and transportation fluids. The Company’s product portfolio spans branded, private label and bulk offerings and includes coolant, windshield wash fluid, diesel exhaust fluid and a broad range of household fluids and industrial chemicals. Recochem was founded in 1951 and is based in Montreal, Quebec.

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