Taft is pleased to have acted as legal counsel to Edgewater Capital Partners (Edgewater) in its acquisition of the scintillation and photonic crystals business of Saint-Gobain, S.A. The business has been renamed to Luxium Solutions (Luxium) and provides single scintillation crystals for radiation detection applications, as well as sapphire and garnet substrates for photonics and power electronics applications. SK Capital Partners, LP, represented by Latham & Watkins LLP, led the investment, and Edgewater acted as a meaningful minority shareholder with board involvement.

Edgewater is a Cleveland, Ohio-based, sector-focused private equity firm making investments in lower middle-market performance materials businesses, specifically in the specialty chemicals, life sciences, specialty industrial and components, and advanced materials verticals.

Read the release here.

Taft’s legal team included Howard Bobrow, Brandi Weekley, Michael De Matteis, and Blake Vettel.