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H.I.G. Capital Sells Arctic Glacier to Carlyle Group

Practices: Mergers & Acquisitions, Finance, Intellectual Property Transactions, Life Sciences, Business Restructuring, Tax, Antitrust, Private Equity, Patent Strategy

Ropes & Gray advised H.I.G. Capital, LLC and its portfolio company, packaged ice producer and distributor Arctic Glacier Group Holdings, Inc., in the sale of Arctic Glacier to Carlyle Global Partners, the long-duration investment fund of The Carlyle Group. Arctic Glacier operates 46 production plants and 52 distribution facilities across Canada and the United States, servicing more than 75,000 retail accounts.

The completion of the sale was announced March 20; terms of the transaction were not disclosed.

Ropes & Gray previously represented H.I.G. Capital in its original acquisition of Arctic Glacier in 2012. Since that time, Ropes & Gray represented Arctic Glacier in numerous add-on acquisitions and other matters. 

The Ropes & Gray team was led by mergers & acquisitions partner Carl Marcellino (New York) and included finance partner Stefanie Birkmann (New York), labor & employment partners Megan Bisk and  Jeffrey Webb (both of Boston), executive compensation & employee benefits partner Alexandra Alperovich (New York), real estate & environmental partner Peter Alpert (Boston), tax partner Lee Allison (New York), business & securities litigation partner David Hennes (New York), business restructuring partner Stephen Moeller-Sally (Boston), antitrust counsel Deidre Johnson (Boston), business & securities litigation counsel Martin Crisp (New York), real estate counsel Laurie Nelson (New York), patent strategy counsel Emilia Cannella (Boston), and private equity associate Jessica Cooney (New York). 

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