Ropes & Gray Aids HIG Buy Of Bankrupt Arctic Glacier

Law360, New York (June 8, 2012, 5:26 PM EDT) -- Miami-based private equity firm HIG Capital LLC has agreed to acquire bankrupt Canadian ice maker Arctic Glacier Inc. in a transaction designed to restructure the company after it was dogged by rising debts and antitrust litigation, Arctic Glacier said Friday.

The Winnipeg-based firm said the Arctic Glacier Income Fund has reached an agreement to sell its assets and business to an HIG Capital affiliate.

The company had been beset by antitrust litigation in the U.S. alleging Arctic Glacier conspired with industry peers to fix the price...
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