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