AG Recovery acquires 23% of H.I.G.-backed Arctic Glacier
AG Recovery Ltd has acquired ownership of approximately 23.14% of the outstanding units of Arctic Glacier Income Fund as part of the structuring of portfolio investments held by U.S. private investment firm Solus Alternative Asset Management LP. Based in Winnipeg, Manitoba, Arctic Glacier is a manufacturer and distributor of premium quality packaged ice products in Canada and the United States. It is a portfolio company of U.S. private equity firm H.I.G. Capital, which bought Arctic Glacier for US$435 million in a recapitalization transaction in 2012.
20 May 2014•2 mins read
