Axinn represented H.I.G. Capital, a leading global private equity and alternative assets investment firm, and its portfolio company Caraustar Industries in the sale of Caraustar to Greif, Inc. for $1.8 billion. Caraustar is one of the largest collectors and processors of recovered fiber in the United States. The company is a market leader in the production of uncoated recycled paperboard (URB) and coated recycled paperboard (CRB), with a variety of applications that include tubes and cores and a diverse mix of specialty products.

The team was led by partner Nick Gaglio.