Axinn was antitrust counsel to H.I.G. Capital and Caraustar Industries, Inc. (“Caraustar”), a portfolio company of H.I.G. Middle Market, the dedicated middle market investment affiliate of H.I.G. Capital, in Caraustar’s acquisition of The Newark Group (“Newark”). Caraustar is an integrated manufacturer of 100% recycled paperboard and converted paperboard products.
The Axinn team secured antitrust clearance with no divestiture or any other remedy required after successfully navigating a more than six month investigation by the Department of Justice, which included a Second Request, depositions, and meetings with Front Office staff including AAG Bill Baer.
The Axinn team included partners Stephen Axinn, Nicholas Gaglio and Daniel Bitton; associate Kail Jethmalani; and e-discovery specialist Ross Greenberg.