Transactions & Cases Detail



Transaction/Case Details

Arctic Glacier Income Fund completes US$420 million sale to HIG Capital

DATE CLOSED

July 27, 2012

BUSINESS SECTOR

Food & Beverage

LEAD OFFICE

Toronto

VALUE

420 Million USD


OVERVIEW

On July 27, 2012, Arctic Glacier Income Fund (“AGIF”) announced that it had completed sale of its business to an affiliate of H.I.G. Capital, LLC (“H.I.G. Capital”). The transaction was completed pursuant to the Companies’ Creditors Arrangement Act (Canada) and the U.S. Bankruptcy Code. The new company, Arctic Glacier Holdings Inc., is based in Winnipeg, Manitoba, and continues to conduct the acquired business under the “Arctic Glacier” name.

Arctic Glacier, headquartered in Winnipeg, Manitoba,  is a leading producer, marketer and distributor of packaged ice, with a strong and loyal customer base across Canada and much of the northern, central and western United States.

H.I.G. Capital, headquartered in Miami, Florida, is a leading global private equity investment firm with more than US$8.5 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Paris, and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential.

AGIF was represented by McCarthy Tétrault LLP with a team led by Kevin McEl-cheran and included Heather Meredith, Jamey Gage, Kelly Peters (bankruptcy and restructuring); Jonathan Grant, Jennifer Pyke and Emily Ng (M&A);

Contact


 
For general information on McCarthy Tétrault Transactions & Cases, please contact [email protected].

Related Area of Expertise


Bankruptcy & Restructuring
read /

Financial Services
read /

Food, Beverage and Agribusiness
read /

M&A
read /

Private Equity
read /

Retail
read /