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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 in MarkLogic Corporation; $3.1 million first lien senior secured term loan in Aurotech, LLC; $3.0 m...

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 baked goods, officials with Miami-based HIG said in a Jan. 5 news release. Products made by Action an...