M&A Deal Summary

SK Acquires AMPAC Fine Chemicals

On July 16, 2018, SK acquired chemicals company AMPAC Fine Chemicals from H.I.G. Private Equity

Acquisition Highlights
  • This is SK’s 1st transaction in the Chemicals sector.
  • This is SK’s 1st transaction in the United States.
  • This is SK’s 1st transaction in California.

M&A Deal Summary
Date 2018-07-16
Target AMPAC Fine Chemicals
Sector Chemicals
Buyer(s) SK
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

AMPAC Fine Chemicals

Rancho Cordova, California, United States
AMPAC Fine Chemicals is a US-based, custom manufacturer of active pharmaceutical ingredients (APIs, Drug Substances) and registered intermediates. AFC solves problems through technology and innovation to reliably deliver quality products that save and improve lives.

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Buyer(S) 1

Buyer

SK

Seoul, South Korea
Category Company
Founded 1991
Sector Diversified
Revenue 131.24T KRW (2023)
DESCRIPTION

SK is a holding company engaged in management of its subsidiaries. engages in petroleum refining, telecommunication, wholesale and retail, chemicals, construction, sea transportation, information communications, and other businesses. SK was founded in 1991 and is based in Seoul, South Korea.

DEAL STATS #
Overall 1 of 2
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-12 KCF Technologies Co

Dongan-gu, South Korea

KCF Technologies Co Ltd is a producer of copper foils and flexible copper clad laminates predominantly used in li-ion batteries for electric vehicle applications. The Company offers flexible copper clad laminates for high-resolution video signals to LED displays, computer screens, and mobiles.

Buy $1.0B

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 LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 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 101 of 175
Sector (Chemicals) 4 of 10
Type (Add-on Acquisition) 44 of 72
State (California) 6 of 13
Country (United States) 78 of 120
Year (2018) 9 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-13 Kondor

Christchurch, United Kingdom

Kondor Ltd. is a distributor of audio and mobile accessory products to a broad range of e-tail, retail and mobile operator customers. Kondor Ltd. was founded in 1994 and is based in Christchurch, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-19 KidsFoundation Holdings B.V.

Netherlands

KidsFoundation Holdings B.V. is one of the highest-rated childcare providers in the country. It offers nursery care for children between six weeks and four years old as well as before and after school care services for children between four and 12 years old. The company provides childcare for more than 30,000 children across 281 centres with approximately 3,750 employees.

Sell -
Mergr

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