Latham & Watkins Advises on Financing to Support H.I.G. Capital’s Acquisition of Avient’s Distribution Business for US$950 Million

Avient Corporation (NYSE: AVNT), a leading global provider of sustainable and specialized material solutions, has announced it has entered into a definitive agreement to sell its Distribution business to an affiliate of H.I.G. Capital for US$950 million in cash, subject to regulatory approval.

Latham & Watkins LLP represented the private credit providers to H.I.G. in the transaction with a finance team led by New York partners Stelios Saffos and Peter Sluka and Houston counsel Bryce Kaufman, with New York associate Daniel Ovadia. Advice was also provided on tax matters by New York partner Jocelyn Noll, with London associate Ted Gkoo; on environmental matters by Los Angeles/Houston counsel Joshua Marnitz and Houston associate Joseph Kmetz; and on intellectual property matters by New York counsel Carrie Girgenti.