H.I.G. Capital Signs Definitive Agreement to Acquire CGH Group
2024年7月4日 - 5:00PM
ビジネスワイヤ(英語)
H.I.G. Capital (“H.I.G.”), a leading global alternative
investment firm with $64 billion of capital under management, is
pleased to announce that an affiliate has signed a definitive
agreement to acquire CGH Group S.A. (“CGH” or the “Company”), a
leading manufacturer of large, engineered storage tanks and tank
accessories in EMEA. The transaction is subject to clearance by
antitrust authorities.
CGH was established in the mid-1990s and is headquartered in
Bydgoszcz, Poland. The Company applies a fully automated production
process of environmentally friendly storage tanks for flammable and
hazardous liquids, water, or liquefied petroleum gas (LPG), as well
as tanks for a wide array of industrial applications serving
current energy infrastructures. CGH recently developed
high-pressure tank systems to support the transition towards
renewables with their decarbonized and decentralized setting. CGH’s
core engineering and production hub as well as its sales office for
the CEE region operate out of Poland. CGH’s sales offices in
Denmark and Belgium cover markets in Scandinavia, Benelux, and
France as well as the international markets in Africa and the
Middle East.
Krzysztof Jańczak, Chief Executive Officer of CGH, commented:
“With H.I.G., we have found a perfect partner to support our growth
plans which include further geographical expansion and product
extension, accompanied by building out our production capacities.
Going forward, we will continue to serve our trusted customers in
the best way possible and provide them with tailored tanks and
storage systems needed for the European energy transition towards a
decarbonized and more decentralized energy supply. The partnership
with H.I.G. will benefit our customers and employees and we very
much look forward to working together with H.I.G. to keep building
our success story.”
Holger Kleingarn, Managing Director at H.I.G. Capital, added:
“We are impressed by CGH’s engineering and production capabilities,
allowing CGH to deliver high-quality tanks, tailored to the needs
of its customers at competitive prices. CGH is well-suited to
benefit from the build-up of Europe’s renewable energy
infrastructure. We very much look forward to working with CGH’s CEO
Krzysztof Jańczak and his management team to further facilitate
CGH’s remarkable growth path, organically and with selective add-on
acquisitions.”
About CGH Group
CGH is a leading manufacturer of large, engineered storage tanks
and tank accessories in EMEA. Based in Bydgoszcz, Poland, the
Company also operates sales and distribution offices in Denmark and
Belgium as well as an additional production location in South
Africa. The Company applies a fully automated production process of
environmentally friendly storage tanks for flammable and hazardous
liquids, water, or LPG, as well as tanks for a vast variety of
industrial applications. Recently, CGH developed a range of
high-pressure tank systems to support the European energy
transition towards renewable energies and energy decarbonization.
For more information, visit cgh.com.pl/en/.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $64
billion of capital under management.* Based in Miami, and with
offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San
Francisco in the United States, as well as international affiliate
offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris,
Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in
providing both debt and equity capital to middle market companies,
utilizing a flexible and operationally focused/value-added
approach:
- 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.
- 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.
- H.I.G.’s real estate funds invest in value-added properties,
which can benefit from improved asset management practices.
- 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
$53 billion. For more information, please refer to the H.I.G.
website at hig.com.
*Based on total capital raised by H.I.G. Capital and its
affiliates.
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version on businesswire.com: https://www.businesswire.com/news/home/20240704654264/en/
Holger Kleingarn Managing Director hkleingarn@hig.com
H.I.G. European Capital Partners GmbH Warburgstrasse 50 20354
Hamburg Germany +49 40 41 33 06 100 hig.com