H.I.G. Exits Vantage Specialty Chemicals

The Jordan Company, via its Resolute Fund II, L.P., has acquired Chicago-based Vantage Specialty Chemicals from H.I.G. Capital. Terms of the deal were not released.

The Resolute Fund II, L.P., an affiliate of The Jordan Company, today announced that it has acquired Vantage Specialty Chemicals (“Vantage” or the “Company”) from H.I.G. Capital. Financial terms of the transaction were not disclosed.

Headquartered in Chicago, Illinois, Vantage is a diversified specialty chemicals producer focused on naturally derived ingredients. The Company supplies more than 1,500 products to a diverse and growing global customer base within the personal care, consumer products, food and industrial end markets. Vantage’s leading market position is a result of its industry-leading formulation capabilities, efficient and flexible manufacturing facilities, technical support and customer service, broad product offering, global reach and seasoned management team.

“Vantage has a proven track record of providing the high-quality specialty chemical solutions that its customers demand. In turn, that customer satisfaction is reflected in the Company’s growing, global base of customers,” said Jonathan F. Boucher, Managing Principal, The Jordan Company. “The management team has transformed Vantage from a portfolio of individual companies into a leading, vertically integrated specialty chemicals business with a cohesive market strategy. We look forward to partnering with the Vantage leadership team to continue building this premium brand, both internally and through acquisition, within the global specialty chemicals industry.”

“We are excited to announce our partnership with The Jordan Company. The Vantage team is highly confident that The Jordan Company’s vision for our business and significant resources will help us to capitalize on the tremendous growth opportunities in the oleochemicals and specialty derivatives industries,” said Julian Steinberg, Chief Executive Officer of Vantage. “We look forward to working closely with them to achieve our strategic plan and continue to provide our customers with the service and high-quality products to which they are accustomed.”

Mayer Brown LLP acted as legal advisor to The Jordan Company. Edgeview Partners, L.P. and HSBC Securities (USA) acted as financial advisors to Vantage and McDermott Will & Emery LLP acted as its legal advisor.

About Vantage
Vantage is a uniquely positioned specialty chemicals company focused on naturally derived ingredients serving a diverse and growing set of global end markets including personal care, consumer products, industrial and food markets. Vantage converts renewable animal and vegetable-based raw materials into products that are widely used in a range of specialized applications due to their performance benefits and environmental characteristics. For additional information, please refer to the Vantage website: www.vantagespecialties.com.

About The Jordan Company
The Jordan Company, founded in 1982, is a leading middle-market private equity firm with approximately $6 billion of capital under management and a successful track record of investing in and growing businesses across a wide range of industries. The firm’s partners have been investing together for more than two decades, establishing The Jordan Company as one of the most experienced and stable investment teams in private equity. The investment team is supported by the firm’s Operations Management Group, which initiates and supports operational improvements in portfolio companies. The firm generates deal flow through a well-developed network of sourcing relationships. Headquartered in New York, The Jordan Company also has offices in Chicago and Shanghai. For more information, please refer to our website: www.thejordancompany.com.

About H.I.G. Capital
H.I.G. Capital is a leading global private equity investment firm with more than $8.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, New York, and San Francisco in the U.S., as well as affiliate offices in London, Hamburg and Paris in Europe, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well-managed service or manufacturing businesses. H.I.G. also has extensive experience with financial restructurings and operational turnarounds. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide.