H.I.G. Capital has sold its portfolio company Vantage Specialty Chemicals to The Jordan Company. Jordan financed the buyout through The Resolute Fund II. Vantage is a producer and supplier of specialty chemicals for personal care, household and industrial formulated products. H.I.G. had owned the company since 2008.
Since the beginning of 2007, PE investors have invested in 118 companies primarily involved in the Chemicals & Gases industry, according to the PitchBook Platform. Accounting for 61% of the activity, Specialty Chemicals is the most active sector in the industry, followed by Industrial Chemicals, which has a 23% share.