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(ICIS) -- US-based oleochemicals producer
Vantage Specialty Chemicals is close to being sold, with a private equity firm
the likely buyer, several sources in the financial community said on Wednesday.
The sale of Vantage is in the final stage with a buyer already selected and an
announcement likely to come within the next month, said one source.
The company, owned by US-based private equity firm HIG Capital, generates
about USD50m–60m (EUR38m–45m) in annual earnings before interest, tax,
depreciation and amortisation (EBITDA), according to a number of sources. The
sale multiple is said to be relatively high at over eight times EBITDA, making
for a final price of between USD400m–480m or higher.
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