H.I.G. Capital Acquires Synthetic Fiber Maker Universal Fiber Systems

Ropes & Gray advised H.I.G. Middle Market, the dedicated middle market investment affiliate of H.I.G. Capital, in its acquisition of Universal Fiber Systems LLC. Based in Bristol, Va., Universal Fiber Systems produces high quality, highly customized solution-dyed synthetic filament-based fiber for the flooring, transportation, performance apparel and industrial fibers industries. The closing of the acquisition was announced Oct. 5.

The Ropes & Gray team was led by private equity partner Carl Marcellino (New York) and included finance partner Stefanie Birkmann (New York); benefits partner Alexandra Alperovich (New York); real estate & environmental partner Peter Alpert (Boston); private equity partner Daniel Evans (New York); and labor & employment partner David Mandel (Boston).