H.I.G. Capital has sold Elekeiroz to Oswaldo Cruz Química

Elekeiroz

Elekeiroz is the market leader of chemical intermediates in Latin America, standing out as one the most recognized players in the Brazilian chemicals industry. The company is the sole producer of oxo derivatives in South America as well as the largest plasticizer producer in Brazil. Elekeiroz delivers its products to diverse end markets, including paint and coatings, apparel, footwear, construction, food, agriculture and others.

The Deal

H.I.G. Capital, a leading global private equity firm, has sold their shares in Elekeiroz to Oswaldo Cruz Quimica, the largest producer of resins and raw materials for many important sectors of the economy. Lincoln International acted as financial advisor to H.I.G. Latin America in this transaction, supporting the sellers in all aspects of the deal.

Our Perspective

Luiz Recchia, Managing Director in Lincoln’s São Paulo office, commented, “We are pleased to have advised H.I.G. in this outstanding successful exit, executed with impeccable timing. This transaction reinforces Lincoln’s position in Brazil as one of the leading investment banking advisors in the chemicals space, and further strengthen our relationship with H.I.G. on a global basis. Elekeiroz is one of the most traditional Brazilian chemical industries with more than 125 years of existence and is a strategic partner to many of its clients. Under the ownership of H.I.G., Elekeiroz expanded its production capacity, optimized its cost structure and significantly strengthened its environmental, social and governance (ESG) policies. We are sure the business will thrive under Oswaldo Cruz Química’s ownership.”

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