Potter Anderson Advises Special Committee of CompoSecure in Resolute Holdings Acquisition of Majority Interest in CompoSecure

CompoSecure, Inc., (“CompoSecure”) a leader in metal payment cards, security, and authentication solutions, recently announced that certain shareholders of CompoSecure have entered into Stock Purchase Agreements (collectively, the “SPA”) with Resolute Holdings I, LP (“Resolute”) and its affiliated vehicles, pursuant to which Resolute will acquire a majority interest in CompoSecure.

Under the terms of the SPA, the selling shareholders will exchange the entirety of their Class B units and associated Class B shares for Class A shares, eliminating the current dual-share class structure. Resolute will subsequently purchase 49.3 million of the corresponding Class A shares to acquire majority control of CompoSecure. As a result of the transaction, The David Cote Family is expected to have voting control of approximately 60% of total shares outstanding as of the closing date.

Potter Anderson & Corroon LLP acted as Delaware counsel for CompoSecure’s special committee. The team included partners Michael Tumas and Roxanne Houtman.

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