An Edwards Wildman team of attorneys advised the sole shareholder of Micronics, Inc., a New Hampshire, USA- and Stoke-on-Trent, England-based manufacturer of filtration products and equipment used in mining, water treatment and food and beverage industries, in a March 28, 2013 sale of his stock to an entity formed by Vance Street Capital, a Los Angeles-based private equity firm. The Project Pure sale process began in spring 2012 and had several twists and turns along the way. In late 2012, an NYSE-listed strategic purchaser elected to not pursue Micronics after extensive negotiations, causing a restart of the process. This March 2013 sale involved an equity rollover, a separate sale of real estate and the sale of the UK sister entity.
Posted on March 28, 2013