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Latham & Watkins Advises H.I.G. Capital in Acquisition of Ascent Global Logistics

August 22, 2023
Multidisciplinary team represents the global alternative investment firm in deal with logistics solutions provider.

H.I.G. Capital (H.I.G.), a leading global alternative investment firm with US$58 billion of capital under management, has announced that one of its affiliates has signed a definitive agreement to acquire Ascent Global Logistics (Ascent or the Company), a leading provider of technology-enabled, expedited logistics, and supply chain solution services from affiliates controlled by Elliott Investment Management L.P. Ascent’s management team will remain shareholders in the Company. Elliott has also agreed to retain a minority stake in the Company.

Latham & Watkins LLP represents H.I.G. in the transaction with a corporate deal team led by Los Angeles partner Tana Ryan and Bay Area partner Navneeta Rekhi, with associates Brianna Dollinger and Eirene Kim. Advice was also provided on tax matters by Bay Area partner Katharine Moir, with associate Michael Zucker; on benefits and compensation matters by New York partner Erin Murphy, with associate Ashlie Lawton; on labor matters by Los Angeles partner Joe Farrell; on data privacy matters by Houston/Austin counsel Robert Brown; on real estate matters by San Diego partner Robert Frances and San Diego counsel Aaron Friberg, with associate David Rao; on environmental matters by Washington, D.C. partner James Barrett, with associate Jacqueline Zhang; on intellectual property matters by Bay Area partner Michelle Gross, with associates Caroline Omotayo and Julian Savelski; on antitrust matters by Washington, D.C. partner Ian Conner and Brussels counsel Wesley Lepla, with associate Evan Omi; on export controls matters by Washington, D.C. counsel Andrew Galdes, with associate Allison Hugi; on anti-corruption matters by Washington, D.C. partner Joseph Bargnesi, with associate Ryan Malo; on private equity finance matters by New York partners Stephanie Teicher and Kendra Kocovsky, with associate Michael Wright; and on litigation matters by San Diego partner Colleen Smith, with associate Savannah Reed-Plouffe.