Action Point Inc News Today

Private equity firm HIG Capital has plans to grow Avient Corp.'s distribution unit, which it is acquiring for $950 million in cash.

One of the largest resin distributors in North America has a new owner. Avient Corp. announced Aug. 12 that it is selling its distribution unit to an affiliate of private equity firm HIG Capital for $950 million in cash.

One of the largest resin distributors in North America has a new owner. Avient Corp. announced Aug. 12 that it is selling its distribution unit to an affiliate of private equity firm HIG Capital for $950 million in cash.

PORTFOLIO AND INVESTMENT ACTIVITY In the fourth quarter, the Company closed on eight new investments totaling $23 million at par and an additional $8.2 million at par in follow-on investments, including delayed draw and revolver fundings. New investments during the fourth quarter at par were: $3.8 million first lien senior secured term loan in Multi Speciality Healthcare LLC; $3.3 million first lien senior secured term loan in Action Point, Inc.; $3.2 million first lien senior secured term loan...

Investment firm HIG buys, combines two California packaging makers Print Private equity firm HIG Capital is acquiring Action Point Inc. and Signature Flexible Packaging Inc. and combining them into a single company making flexible food and consumer packaging. The combination of Los Angeles-based Action Point and Signature of Carson, Calif., provides small and midsized consumer packaged goods customers with a one-stop solution for flexible packaging needs — across snacks, meats, candies and b...