Ropes & Gray advised H.I.G. Capital in the acquisition of the distribution business of Avient Corp., a global provider of sustainable and specialized material solutions, for $950 million in cash, subject to regulatory approval. The transaction was announced on Aug. 12 in a press release.

H.I.G. Capital is a leading global alternative investment firm with $48 billion of equity capital under management.

The Ropes & Gray team that represented H.I.G. Capital was led by private equity partner Carl Marcellino, and included senior associate Jessica Cooney, tax partner Adam Greenwood, benefits partner Matthew Jones, benefits counsel Stephanie Bruce, antitrust partners Annie Herdman and Chong Park, leveraged finance partner Stefanie Birkmann, debt counsel Nichole Lopez-Tackett, environmental partner Peter Alpert, IP transactions partner Megan Baca, IP transactions counsel Emily Karlberg, data, privacy & cybersecurity partner Edward McNicholas, health care partner Kellie Combs, litigation partner Brendan Hanifin, litigation counsel Steven Kaye and real estate associate Steven Levick.