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Honigman honored as legal advisor for Superior Capital Partners in its restructuring and sale of Edge Adhesives

March 12, 2015

Contact

Susan Sherbow
T: 313.465.7048
ssherbow@honigman.com

Honigman Miller Schwartz and Cohn LLP was honored as the  legal advisor to Superior Capital Partners, which received the Divestiture of the Year award from New York-based M&A Advisors for its restructuring and sale of Edge Adhesives. The awards presentations recently took place at the M&A Advisors’ 9th Annual Turnaround Awards ceremony in Palm Beach, Florida. M&A Advisors is an organization that offers insights and intelligence on mergers and acquisitions activities, as well as recognition to leaders in the industry.

Superior, headquartered in Detroit, is a middle market private equity firm focusing on the special situations space. During its four-year ownership of Edge, Superior brought in a new CEO and more than doubled the company’s revenue, re-establishing it as an industry leader. Edge manufactures rubber-based adhesive sealing products with extensive capabilities in butyl and block copolymer technologies.

Honigman was Superior’s legal advisor in its initial acquisition of Edge and related add-on acquisitions, and its sale to Gladstone Investment Corporation and Akoya Capital Partners in March 2014. Michael D. DuBay, a partner in Honigman’s Corporate Department and leader of its Private Equity Practice Group, and Jacob D. Drouillard, a partner in Honigman’s Corporate Department, led the transaction.