Sarah F.Suma

Counsel

Cleveland + 1.216.586.7160

Sarah Suma practices in the areas of employee benefits and executive compensation and regularly helps clients navigate the benefit and compensation aspects of complex corporate transactions. Recent transactions include public and private company matters, multijurisdictional transactions, and a variety of transaction structures including stock and asset sales, mergers, inversions, joint ventures, spin-offs, and other tax-structured transfers.

Sarah's practice includes a broad range of day-to-day employee benefits and executive compensation matters. She helps employers design and implement qualified and nonqualified retirement plans, welfare plans, and compensation arrangements and advises clients on the ERISA, tax, and other compliance issues involved in maintaining those plans. She also frequently drafts and negotiates equity and other incentive arrangements and employment, severance, retention, and change-of-control agreements.

Sarah is a member of the Cleveland Metropolitan Bar Association and the Steering Committee of the WEB Worldwide Employee Benefits Network Cleveland Chapter.

Experience

  • PolyOne acquires Clariant color and additive masterbatch business for $1.5 billionJones Day advised PolyOne Corporation in the $1.5 billion purchase of Clariant’s global color and additive masterbatch business.
  • Cardinal Health sold minority ownership in NaviHealth, Inc. to OptumHealthJones Day advised Cardinal Health, Inc. in the sale of its minority ownership interest in NaviHealth, Inc. to UnitedHealth Group Incorporated's OptumHealth.
  • Cardinal States Gathering Company and CSG Holdings obtain $125 million senior secured term loan facilityJones Day represented Cardinal States Gathering Company LLC and CSG Holdings I LLC in connection with a $125 million senior secured term loan facility provided by a syndicate of lenders led by Investec Bank plc, as administrative agent.
  • CSG Holdings obtains $50 million senior secured term loan facilityJones Day represented CSG Holdings II LLC and CSG Holdings III LLC in connection with a $50 million senior secured term loan facility provided by a syndicate of lenders led by Investec Bank plc, as administrative agent.
  • FlaglerCE sold assets to Alta Equipment Holdings Inc.Jones Day advised FlaglerCE Holdings, LLC in the sale of substantially all of its assets to Alta Equipment Holdings Inc.
  • Procter & Gamble to acquire Billie Inc.Jones Day is advising The Procter & Gamble Company (NYSE: PG) in its acquisition of Billie Inc., a direct-to-consumer seller of female shaving and body care products.
  • Seal for Life acquires Flame Control Coatings, Highland International, LifeLast, and US CoatingsJones Day advised Arsenal Capital Partners ("ACP") on the four acquisitions by portfolio company Seal for Life of Flame Control Coatings, Highland International, LifeLast, and US Coatings, manufacturers of protective coating technologies.
  • Arsenal Capital Partners acquires Seal for Life Industries from Berry Global Group Inc. for $328 millionJones Day advised Arsenal Capital Partners on the $328 million acquisition of Seal for Life Industries from Berry Global Group Inc.
  • Supplier of automotive components and systems amends and extends existing asset-based global revolving credit facilityJones Day represented a leading global supplier of automotive components and systems in connection with the amendment and extension of its existing asset-based global revolving credit facility, including a Canadian revolving credit subfacility and European receivables securitization.
  • National bank amends and restates $425 million revolving credit facility for private railroad and transportation management companiesJones Day represented a national bank, as administrative agent, in connection with the amendment and restatement of a $425 million revolving credit facility for a group of private railroad and transportation management companies.
  • Timken acquires The Diamond Chain CompanyJones Day advised The Timken Company in its acquisition of The Diamond Chain Company, a supplier of high-performance roller chains for industrial markets, from Amsted Industries.
  • Procter & Gamble acquires This is L.Jones Day advised The Procter & Gamble Company in its acquisition of This is L., one of the fastest growing natural feminine care brands in the U.S.
  • Riverside sells Blue MicrophonesJones Day represented The Riverside Company in the sale of its investment in Blue Microphones, a California-based manufacturer of high-performance microphones used by some of the most famous musicians in the world.
  • Cardinal Health sells majority stake in NaviHealth to Clayton, Dubilier & RiceJones Day advised Cardinal Health, Inc. (NYSE: CAH) in the sale of a majority stake in its NaviHealth business to funds managed by Clayton, Dubilier & Rice.
  • Fifth Third Securities acquires Coker Capital AdvisorsJones Day advised Fifth Third Securities, Inc., the investment banking unit of Fifth Third Bank, in its acquisition of Coker Capital Advisors, a healthcare focused investment banking firm.
  • FirstEnergy raises $1.616 billion in private placement of Convertible Preferred StockJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its issuance of $1.616 billion of Series A Convertible Preferred Stock in a private placement to affiliates of Elliott Management Corporation, Bluescape, and GIC.
  • FirstEnergy raises $850 million in private placement of Common StockJones Day represented FirstEnergy Corp., a diversified energy holding company, in connection with its issuance of $850 million of Common Stock in a private placement to funds affiliated with Zimmer Partners, LP.
  • Mr. Beams sold to Ring Inc.Jones Day represented Wireless Environment, LLC d.b.a. Mr. Beams, an innovator of LED lighting technology in off-grid lighting applications, in connection with its sale to Ring Inc., a leader in home automation and security.
  • Brookfield Property Partners invests in Honest BuildingsJones Day represented Brookfield Property Partners in connection with its investment in Honest Buildings, a project management platform built specifically for real estate owners, ensuring capital and construction projects are delivered on time and on budget.
  • Auria Solutions obtains $350 million credit facilityJones Day advised Auria Solutions USA Inc., a supplier of soft trim and acoustical products for the automotive industry, in connection with a $350 million facility with Bank of America, N.A., as administrative agent. The new credit facility consisted of a $100 million term loan, a $150 million revolving credit facility, and a $100 million delayed draw term loan, and was made in connection with long-time client International Automotive Components Group North America LLC's spin-off of its soft-trim business into a joint venture with Shanghai Shenda Co., Ltd.
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