H.I.G. Capital Acquires Majority Stake in Virutex Ilko

H.I.G. Capital Acquires BioVectra Inc.

November 4, 2019

Pharmaceuticals

H.I.G. Capital, through an affiliate, completed the acquisition of BioVectra Inc., a Canadian contract development and manufacturing organization (CDMO) specializing in active pharmaceutical ingredients (APIs), intermediates and biologics. The deal — a carve-out from Mallinckrodt — positions H.I.G. to support BioVectra's growth and further expand its manufacturing capabilities across Charlottetown, Prince Edward Island and Windsor, Nova Scotia.

Oswaldo Cruz Química Acquires Elekeiroz from H.I.G. Capital

March 23, 2023

Manufacturing

Oswaldo Cruz Química has acquired Elekeiroz from an affiliate of H.I.G. Capital. Elekeiroz, a long-established Brazilian specialty chemicals manufacturer headquartered in Várzea Paulista, São Paulo, was owned by H.I.G. since 2018 and operates production sites in Várzea Paulista and Camaçari.

H.I.G. Capital Acquires Majority Stake in Life Agro

November 5, 2024

Agriculture

H.I.G. Capital, through an affiliate, acquired a majority stake in Life Agro, a Brazil-based producer of specialty agricultural inputs. Life Agro’s founder and CEO Matias Ezequiel Tiecher remains a significant shareholder and will continue as CEO; the company (~200 employees) operates two production facilities and eight distribution centers and has grown ~45% CAGR over the past five years.

H.I.G. Capital Affiliate Acquires Covestro's European Polyurethane Systems Business (Plixxent)

January 17, 2019

Manufacturing

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire Covestro AG's European Polyurethane Systems business in a carve-out transaction, with closing expected in the second half of 2019 pending regulatory clearance. The business — operating four systems houses across Germany, Denmark, the Netherlands and Spain and employing ~250 people with ~€230m sales — will be run independently (to operate as Plixxent) and used as a platform for pan‑European expansion and add-on acquisitions.

Ultra Clean Holdings Acquires HIS Innovations Group

October 25, 2023

Manufacturing

Ultra Clean Holdings (UCT) has acquired HIS Innovations Group, a Hillsboro, Oregon-based supplier of semiconductor sub-fab components and integrated systems. UCT paid $50 million in upfront cash with up to $50 million in earn-outs (and potential additional performance-based consideration), aiming to expand its sub-fab capabilities, addressable market by ~$1.5 billion, and accelerate growth in semiconductor manufacturing.

H.I.G. Capital Acquires Majority Stake in Protos S.p.A.

March 11, 2025

Engineering Services

H.I.G. Capital, through an affiliated vehicle, has acquired a majority stake in Protos S.p.A., a leading Italian technical advisory and engineering consultancy. The investment — made in partnership with Protos' management — aims to accelerate the company’s growth in Italy and internationally, leveraging its capabilities in inspections, certifications, engineering, environmental/ESG advisory and related technical services.