H.I.G. Capital Acquires Majority Stake in Virutex Ilko
June 3, 2022
H.I.G. Capital, through an affiliate, has acquired a majority stake in Virutex Ilko, a leading Chilean manufacturer of cleaning products and kitchenware. The founding shareholders and Virutex's senior management, led by CEO Juan Martin Monsalve, remain significant shareholders and will continue to run the business as H.I.G. supports the company's regional growth and brand expansion.
- Buyers
- H.I.G. Capital
- Targets
- Virutex Ilko
- Sellers
- Founding shareholders of Virutex
- Industry
- Consumer Products
- Location
- Santiago Metropolitan Region, Chile
- Transaction Type
- Buyout
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