Companies

H.I.G. Capital Completes Acquisition of Pixelle Specialty Solutions

May 20, 2022
bloombergmyid

NEW YORK — H.I.G. Capital (“H.I.G.”), a main international alternate investment organization with about $49 billion of fairness beneath administration, is happy to announce that just one of its affiliate marketers has concluded the acquisition of Pixelle Specialty Methods Holding LLC (“Pixelle” or the “Company”).

Headquartered in Spring Grove, PA, Pixelle is a foremost company of fiber-primarily based specialty remedies in North The united states. Pixelle owns and operates 4 industry-foremost specialty paper mills situated in Chillicothe, OH, Jay, ME, Spring Grove, PA, and Stevens Stage, WI. Collectively the mills operate 11 paper devices and generate more than a person million tons of paper on a yearly basis.

Timothy Hess, Pixelle’s Chief Government Officer, claimed, “Pixelle has produced a wide, modern portfolio of field leading models across the specialty papers and sustainable packaging marketplaces. In beneath four a long time, we have reworked Pixelle into the top specialty-targeted paper producer in North The usa by means of three strategic acquisitions and thriving implementation of a ongoing improvement software. We are happy of our achievements and glimpse forward to our upcoming chapter with H.I.G. Cash.”

“We are thrilled to partner with Tim and the administration staff, who have a proven observe report of making a best-in-course organization and delivering the optimum levels of high quality and services for their consumers,” stated Tenno Tsai, Head of North American Industrials at H.I.G. “We are fired up about the combination of H.I.G.’s worth-additional partnership with Pixelle’s differentiated capabilities in technically demanding specialty papers to embark on the upcoming section of progress.”

Credit rating Suisse and Houlihan Lokey served as fiscal advisors and Cravath, Swaine & Moore LLP served as lawful counsel to Pixelle. Macquarie Cash and Jefferies acted as money advisors and Ropes & Gray LLP acted as lawful counsel to H.I.G.

About Pixelle

Pixelle Specialty Solutions® is the greatest and swiftest-increasing producer of specialty papers in North The us with one particular of the most comprehensive portfolios in the marketplace. By way of innovation, top quality and know-how, Pixelle provides superior-functionality remedies that assistance buyers increase brand attraction, improve consumer knowledge and support sustainability targets. For more details, stop by pixelle.com.

About H.I.G. Cash

H.I.G. is a major international choice belongings investment decision firm with around $49 billion of equity money under management.* Centered in Miami, and with workplaces in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as properly as intercontinental affiliate workplaces in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in supplying each financial debt and equity funds to small and mid-sized providers, utilizing a versatile and operationally centered/ price-added solution:

  1. H.I.G.’s equity funds commit in management buyouts, recapitalizations and company carve-outs of each profitable as properly as underperforming producing and services firms.
  2. H.I.G.’s credit card debt money spend in senior, unitranche and junior financial debt funding to organizations across the sizing spectrum, both on a principal (direct origination) foundation, as properly as in the secondary markets. H.I.G. is also a primary CLO supervisor, by means of its WhiteHorse relatives of automobiles, and manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s serious estate cash spend in benefit-included houses, which can reward from improved asset administration tactics.
  4. H.I.G. Infrastructure focuses on earning value-add and core moreover investments in the infrastructure sector.

Due to the fact its founding in 1993, H.I.G. has invested in and managed additional than 300 providers throughout the world. The firm’s present-day portfolio contains more than 100 companies with merged revenue in extra of $30 billion. For more information, be sure to refer to the H.I.G. web page at www.higcapital.com.

* Primarily based on whole money commitments managed by H.I.G. Funds and affiliate marketers.

Watch supply variation on businesswire.com: https://www.businesswire.com/information/household/20220519006022/en/

logo

Contacts

Tenno Tsai
Head of North American Industrials
[email protected]

Prosperous Zhang
Principal
[email protected]

#distro