Skip to main content


Freshfields advises H.I.G. Capital on sale of HCS Group to ICIG

Global law firm Freshfields Bruckhaus Deringer (‘Freshfields’) has advised H.I.G. Capital on the sale of HCS Group to International Chemical Investors Group (‘ICIG’). The transaction is subject to customary regulatory conditions and approvals and is expected to close in in the third quarter of 2023.

Headquartered in Frankfurt, Germany, HCS Group is one of leading international suppliers of high-value hydrocarbon solutions in Mobility, Life Science, Industrial and Energy.

The transaction is structured as a share deal and encompasses the entire operating business of HCS Group, including the brands Haltermann Carless, Electrical Oil Services (EOS) and ETS Racing Fuels, as well as approximately 500 employees, seven production sites and additional sales offices in Europe and the US.

The multijurisdictional Freshfields team was led by partner Julia Sellmann, together with principal associate Johannes W. Schiele (both Corporate/M&A, Hamburg) and partner Christian Ruoff, (Tax, Hamburg). The team also included, inter alia, associate Andrea Strackerjan (Tax, Hamburg), associate Simon Schulte, principal associates Vasco Ollero, Tobias Dressler and associate Bruno Gebhardi (all Corporate/M&A, Hamburg), associates Jan Kothe and Fabienne Gieshoidt (both Tax, Hamburg), partner Michael Josenhans, principal associate Vanessa Steiner and associates Matthis Grenzer, Lucas Lengersdorf (all Finance, Frankfurt), partner Niko Schultz-Süchting and associates Nina Gissinger, Carolin Langlitz (all Real Estate, Hamburg), counsel Sascha Arnold and principal associate Nicolas Sölter (both Regulatory, Hamburg), partner Boris Dzida and associate Severin Pretzel (both People & Reward, Hamburg), partner Marvin Knapp and associate Leon Luserke (both Finance, Hamburg), partner Philipp Dohnke and associate Maximilian Zellerhoff (both Intellectual Property, Hamburg).