Business Wire

Recochem Acquired by CapVest from H.I.G. Capital


H.I.G. Capital ("H.I.G.") and CapVest Partners LLP (“CapVest”) are pleased to announce that H.I.G portfolio company, Recochem (the “Company”), has been acquired by funds managed by CapVest. H.I.G. will remain a minority investor in the Company.

This press release features multimedia. View the full release here:

Recochem, with revenues in excess of $1 billion, is a leading global manufacturer, marketer, and distributor of aftermarket transportation and household fluids. The Company serves consumers and industrial customers worldwide through its operations in North America, Europe, Australia, and Asia-Pacific.

H.I.G, a leading global alternative investment firm, acquired Recochem in August 2018 in partnership with the Company’s management team. Through product category and geographic expansion, execution of strategic initiatives, and synergistic add-on acquisitions, the Company achieved significant growth under H.I.G.’s ownership period.

Shawn Davies, Recochem’s President & CEO, commented: “H.I.G. has been an outstanding partner to Recochem and instrumental in helping us execute on our strategic vision. H.I.G. added significant value to our business and our leadership team while supporting investments across the Company, all of which have strengthened our ability to deliver high-quality products and best-in-class service to our customers. We are excited to partner with CapVest to support Recochem’s next phase of growth. Their track record, expertise, and experience make CapVest an ideal partner for us as we pursue our ambitious plans for the future.”

“It’s truly been a pleasure working with the Recochem management team these past five years. They have done an exceptional job transforming the business into larger, stronger and more diversified company with multiple levers of growth,” said Keval Patel, Managing Director at H.I.G. Capital. “Recochem is a world class company with great leadership and exciting growth prospects. We look forward to participating in the Company’s future success”.

Timothy Colson, Partner at CapVest, said: “We see significant strategic opportunities for Recochem to capitalize on in the future and look forward to working with the Recochem management team to continue to realize the Company’s tremendous potential. The Company is well positioned to continue expanding both organically and through strategic mergers and acquisitions, which will drive growth and benefit its customers by making an even wider portfolio of high-quality products and solutions available to them.”

Harris Williams, Robert W. Baird, and CG Sawaya Partners were financial advisors to Recochem and McDermott Will & Emery LLP and Blake, Cassels & Graydon LLP represented H.I.G. Capital and Recochem as legal counsel in connection with the transaction.

Jefferies LLC, Truist Securities, Inc. and Lincoln International LLC were financial advisors to CapVest, with Willkie Farr & Gallagher LLP and Kirkland & Ellis LLP acting as legal counsel.

About Recochem

Founded in 1951 and headquartered in Montreal, Quebec, Canada, Recochem is a global leader in manufacturing, marketing, and distributing aftermarket transportation and household fluids. The Company’s product portfolio spans branded, private label, and bulk offerings and includes coolant, appearance products, windshield wash fluid, diesel exhaust fluid, and a broad range of household fluids and industrial chemicals. The Company serves consumers and industrial customers worldwide through its operations in North America, Europe, Australia, and Asia-Pacific. For more information, please visit

About H.I.G. Capital

H.I.G. Capital is a leading global alternative investment firm with $59 billion of capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach:

  1. H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  2. H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
  3. H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
  4. H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $52 billion. For more information, please refer to the H.I.G. website at

*Based on total capital raised by H.I.G. Capital and affiliates.

About CapVest

CapVest is a leading international private equity investor that partners with ambitious companies supplying essential goods and services to transform their businesses. As an active and patient investor, CapVest has established a strong record of success in delivering attractive returns by working closely with management in transforming the size and scale of its portfolio companies through a combination of organic and acquisition led growth.

CapVest seeks to invest in highly resilient industries where the demand driver for the product or service is non-discretionary. Its core sectors include consumer staples, healthcare and essential services.

To view this piece of content from, please give your consent at the top of this page.

Contact information

Keval Patel
Managing Director

Ben Valdimarsson
Mob: +44 (0) 7889805930

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

AudioCure Pharma Receives Hearing Technology Innovator Award for its Innovative Compound AC102 for the Treatment of Sudden Hearing Loss7.12.2023 10:05:00 CET | Press release

AudioCure Pharma GmbH announced today that it has been awarded for its innovative compound AC102 by the Hearing Technology Innovator Awards™, honoring technological innovation and breakthroughs in the hearing industry. This press release features multimedia. View the full release here: Dr. Reimar Schlingensiepen (left, CEO of AudioCure Pharma GmbH) and Prof. Hans Rommelspacher (founder and CSO) receive the award in the therapeutics category. (Photo: AudioCure Pharma) AudioCure is developing the therapeutic small molecule AC102 to treat hearing impairments including Sudden Sensorineural Hearing Loss (SSNHL). While corticosteroids are the standard treatment, health authorities have never approved them as there is no clear evidence of a clinically relevant benefit to the patient. AudioCure is conducting extensive research to develop targeted and effective therapies to address this high unmet medical need. In preclinical hearing los

FourKites Unveils Supply Chain Training Platform to Help Customers Maximise Value and Increase ROI7.12.2023 10:03:00 CET | Press release

Leading supply chain visibility provider FourKites today announces the availability of FourKites Academy, a comprehensive training platform designed to help supply chain professionals advance in their careers and business goals with high-quality, industry-recognised training resources. In addition to offering a Council of Supply Chain Management Professionals (CSCMP)-accredited course, the Academy helps FourKites customers and their extended ecosystem — including third-party logistics providers (3PLs), carriers, brokers and transportation management partners — keep pace with FourKites’ latest innovations and derive maximum value from the platform. According to research from the 2023 MHI Annual Industry Report, hiring and retaining qualified workers is the top challenge for supply chain leaders, with 41% indicating that reskilling and training their workforce is key to preparing for future disruptions. “Through FourKites Academy, we are empowering supply chain professionals with new ski

The 5th World Media Summit (Yunnan Branch) and the 2nd Yunnan International Communication Forum Kicks off in Kunming, China7.12.2023 09:43:00 CET | Press release

The 5th World Media Summit (Yunnan Branch) and the 2nd Yunnan International Communication Forum kicked off on December 6, 2023, in Kunming, the capital city of Yunnan Province in Southwestern China, gathering more than 300 representatives of around 80 institutions, including media outlets, international organizations and think tanks, from nearly 30 countries and regions . This press release features multimedia. View the full release here: The 5th World Media Summit (Yunnan Branch) and the 2nd Yunnan International Communication Forum kicks off in Kunming on Dec. 5 (Photo: Business Wire) The opening of the summit on December 5 witnessed the adoption of the Kunming Initiative, the launch of a theme activity named "A Lifestyle Called Yunnan", as well as the release of the list of trending words for international communication generated by Xinhuanet. According to the agenda of the summit, the attendees will discuss a variety of topic

euNetworks’ CEO delivers insight at COP28 on the company’s sustainability focus7.12.2023 09:00:00 CET | Press release

euNetworks Group Limited (“euNetworks”), a Western European bandwidth infrastructure company, was recently featured in an interview series with leaders from across industries undertaken during the United Nations Climate Conference (COP28) in Dubai. The series of interviews captures lessons learned, sustainability success stories and key messages for the future from leaders across the energy, technology and telecom, manufacturing and finance industries. euNetworks has also released its latest Sustainability Report, detailing the company’s commitment to sustainability and substantial progress over the last year. This press release features multimedia. View the full release here: Paula Cogan, CEO of euNetworks (Photo: Business Wire) euNetworks builds and invests in city and long haul fibre networks to connect key European data centres and data hubs. The company owns and operates deep fibre networks in 17 cities and also operates a

Ecopol Announces Strategic Investment in JRF Technology7.12.2023 09:00:00 CET | Press release

Ecopol S.p.A. (“Ecopol”), a leading developer and producer of innovative biodegradable films and delivery systems, announced today it has completed a strategic investment in JRF Technology LLC (“JRF” or the “Company”), a leading developer of water-soluble polymer and edible film technology. Founded in 2007 and based in Tampa, Florida, JRF is an innovation and R&D organization focused exclusively on water-soluble polymer and edible film technology. From its state-of-the-art GMP laboratory, JRF provides innovation services to clients ranging from leading multinational consumer goods companies to innovative start-ups. The Company has unique expertise in product development and process technology to convert water-soluble polymers into value-added commercial products. JRF will continue to be led by President James Rossman and Managing Director Richard Fielder and will serve as Ecopol’s U.S. R&D Center of Excellence, complementing its R&D capabilities in Italy. “Our strategic investment in J