Jackson Walker Represents Prophet Equity and Portfolio Company CID Resources in Divestiture

May 4, 2018 | Client Results

Jackson Walker represented Prophet Equity, a Southlake, Texas-based private equity firm, in the sale of its Coppell-based portfolio company, CID Resources, Inc., to Superior Uniform Group, Inc. for approximately $88.4 million in consideration, inclusive of approximately 150,000 shares of Superior common stock. The transaction closed on May 2, 2018.

Representing Prophet Equity and CID Resources in the transaction was a Jackson Walker team led by Kevin A. Jones with assistance from Mario Perez Dolan, Joseph T. Guajardo, Ryan K. Holm, and Jessica Schwartz. This successful representation demonstrates Jackson Walker’s experience in mergers and acquisitions and investment funds, which includes representing private equity firms and publicly and privately held companies in corporate and securities transactions.

To learn about Jackson Walker’s transactional experience, view the Corporate & Securities practice area page.

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The Corporate & Securities practice group assists clients with virtually any type of corporate transaction. From counseling startups and forming investment funds to negotiating M&A transactions and conducting public and private offerings, attorneys handle complex corporate matters of all sizes across countless jurisdictions. The group also serves as outside general counsel to hundreds of companies, working closely with management to provide pragmatic solutions to legal problems that arise. Whether it’s negotiating commercial contracts, improving corporate governance, or navigating securities regulations, clients look to Jackson Walker for guidance on the issues that affect their businesses every day.

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For more than 130 years, Jackson Walker has played a vital role in the growth and development of Texas business. Since our founding in 1887, our attorneys have represented some of the most influential companies in the state in key industries that shaped the course of Texas history, including railroads, the media, and oil and gas exploration. Today, we remain firmly rooted in Texas while serving clients around the globe. With more than 375 attorneys in our seven offices, we serve clients around the world in a broad range of practices and industries. Our clients know they can count on us to deliver personalized service, legal experience, and added value.