M&A Deal Summary

Oswaldo Cruz Química Acquires Elekeiroz

On March 23, 2023, Oswaldo Cruz Química acquired chemicals company Elekeiroz from H.I.G. Private Equity

Acquisition Highlights
  • This is Oswaldo Cruz Química’s 1st transaction in the Chemicals sector.
  • This is Oswaldo Cruz Química’s 1st transaction in Brazil.

M&A Deal Summary

Date 2023-03-23
Target Elekeiroz
Sector Chemicals
Buyer(s) Oswaldo Cruz Química
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

Elekeiroz

Varzea Paulista, Brazil
Elekeiroz is a producer of oxo-alcohols in Latin America and a producer of plasticizers in Brazil. Elekeiroz was founded in 1894 and is based in Varzea Paulista, Brazil.

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Buyer(S) 1

Buyer

Oswaldo Cruz Química

Guarulhos, Brazil

Category Company
Founded 1984
Sector Manufacturing
DESCRIPTION

Oswaldo Cruz Química is a provider of raw materials and resins to paints, adhesives, packaging, paper, textiles, mortar, and cement industries. Oswaldo Cruz Química was founded in 1984 and is based in Guarulhos, Brazil.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Brazil M&A 1 of 1
Year: 2023 M&A 1 of 1

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 157 of 180
Sector: Chemicals M&A 7 of 10
Type: Add-on Acquisition M&A Deals 66 of 72
Country: Brazil M&A 4 of 4
Year: 2023 M&A 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-08 Polygon

Rome, Italy

Polygon is a provider of integrated management of medical equipment in hospitals in Italy and Spain, with 5 offices. The company's offer includes services such as the audit of biomedical equipment, corrective and preventive maintenance, safety checks, calibration, quality control, and in-depth consultancy and designs collaboration partnerships with hospitals. Polygon is based in Rome, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-12 Tower Engineering Professionals

Raleigh, North Carolina, United States

Tower Engineering Professionals is an operator of engineering services firm focused on serving the telecommunications industry. Tower Engineering Professionals' services include structural analysis, civil engineering, surveying; environmental, inspection, geotechnical, renewable energy, residential, commercial, plumbing, mechanical, and electrical, and structural modification and design. Tower Engineering Professionals was founded in 1997 and is based in Raleigh, North Carolina.

Buy -