Market Overview

H.I.G. Capital Completes the Sale of AMPAC Fine Chemicals

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H.I.G. Capital ("H.I.G."), a leading global private equity investment
firm with over $25 billion of equity capital under management, is
pleased to announce the completion of the sale of its portfolio company
AMPAC Fine Chemicals ("AFC" or the "Company") to SK Holdings Co. Ltd.

Based in Rancho Cordova, CA, AFC is a leading global supplier of high
value-added active pharmaceutical ingredients and intermediates used in
treating diseases such as cancer, CNS disorders and various viral
infections. AFC is strategically located with four facilities within the
United States and has over $200 million of revenue. The Company provides
services to a large number of blue chip pharmaceutical and biotech
companies throughout the entire life cycle of their products.

H.I.G. acquired AFC in February 2014 as part of American Pacific
Corporation. AFC's sister company, AMPAC Specialty Chemicals, was sold
to Huntsman Family Investments in December 2015.

Fraser Preston, a Managing Director of H.I.G., said: "AFC is a terrific
organization with exceptional leadership. Dr. Aslam Malik and his team
have transformed the business since we acquired it – adding technical
capabilities, diversifying the customer base, building an expanded and
flexible manufacturing footprint and delivering industry leading organic
growth every year since our acquisition." Mr. Preston further commented,
"AFC has delivered an outstanding return for H.I.G. and its investors.
Partnering with a respected global organization like SK Holdings
represents a terrific next step for AFC's customers, partners, and
employees, and we look forward to the Company's continued success."

Dr. Aslam Malik, CEO of AFC, added: "H.I.G. has been thoughtful and
supportive of AFC since our partnership began several years ago. In
addition to supporting AFC with growth capital; allowing us to expand
our Rancho Cordova, CA facility; start AMPAC Analytical; restart
operations at our La Porte, TX site; and acquire a state-of-the-art
plant in Petersburg, VA, H.I.G. has provided us with the freedom and
flexibility needed to grow the business and served as a dynamic thought
partner to our senior leadership team. Thanks to our affiliation with
H.I.G., AFC is a much bigger and a more diversified company today than
it was in 2014 – our customer base is broader and our relationships with
them are deeper. As a result, our development pipeline is bigger than it
has ever been."

About AMPAC Fine Chemicals

AMPAC Fine Chemicals ("AFC", or the "Company") is a U.S.-based company
with demonstrated capabilities in process development, scale-up, and
cGMP-compliant commercial production of active pharmaceutical
ingredients and registered intermediates for pharmaceutical and
biotechnology customers. Its specially engineered facilities and
experienced staff allow AFC to safely produce complex compounds at all
scales. AFC's operations are located in Rancho Cordova and El Dorado
Hills CA, in La Porte, TX and in Petersburg, VA. For more information,
please refer to the Company's website at www.ampacfinechemicals.com.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets
investment firm with over $25 billion of equity capital under
management.* Based in Miami, and with offices in New York, Boston,
Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as
well as international affiliate offices in London, Hamburg, Madrid,
Milan, Paris, Rio de Janeiro, São Paulo, Bogotá and Mexico City, H.I.G.
specializes in providing both debt and equity capital to small and
mid-sized companies, utilizing a flexible and operationally
focused/value-added approach:

1. 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.

2. 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.
is also a leading CLO manager, through its WhiteHorse family of
vehicles, and manages a publicly traded BDC, WhiteHorse Finance.

3. H.I.G.'s real estate funds invest in value-added properties, which
can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than
300 companies worldwide. The firm's current portfolio includes more than
100 companies with combined sales in excess of $30 billion. For more
information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and
affiliates.

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