HIG Scoops Up Leading UK Hydrocarbon Producer

Law360, New York (April 16, 2013, 2:48 PM EDT) -- H.I.G. Capital-backed Haltermann Holding GmbH picked up top U.K. refiner Petrochem Carless Holdings Ltd., it said Tuesday, in a move that unites two of Europe's leading hydrocarbon producers as a single industry powerhouse.

The companies did not sketch out the financial terms of the deal, though the price tag was likely a sizable one. Petrochem posted more than £350 million ($536 million) in revenues for last year, continuing a steep growth trend that has seen it become one of the best-known hydrocarbon suppliers to the agrochemical,...
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