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Eversheds Sutherland advises Carlyle’s portfolio company Praesidiad Group on acquisition of Drehtainer in Germany

  • Germany

    28-11-2018

    A German and UK Eversheds Sutherland team has advised Praesidiad Group, the global provider of security systems and solutions, on the acquisition of Drehtainer GmbH in Germany to be driven and operated under the Group's Hesco business. The transaction is subject to regulatory approval and expected to close in spring 2019.

    Praesidiad and Hesco are portfolio companies of The Carlyle Group, which is one of the world's largest and most successful private equity investment firm.

    Praesidiad is a world market leader of force protection solutions, integrated perimeter security systems and industrial mesh production and fencing products. Hesco is a world leader and innovator in defence, perimeter protection and security systems, including defensive barriers, flood barriers, rapid deployment systems, safe haven bunkers and ballistic resistant body armour.

    The target company Drehtainer designs, develops and manufactures specialist containers for various military and civil applications, such as command posts, camps and embassies.

    Corporate Partner, Alison Starr, commented

    “We are delighted to advise Praesidiad and Hesco on this strategically important acquisition and to provide The Carlyle Group, Praesidiad and Hesco with the breadth of support from the Munich-based team led by Christian and Martin who both worked tirelessly over a 6 month period to achieve an excellent result for the client.”

    “It has been a great pleasure to assist the teams at Praesidiad and Hesco on this very interesting and demanding project”, added Munich Corporate Partner, Christian Mense. “This is one of the very rare M&A deals in the defence sector per year in Germany and we are very proud that we were chosen to assist the client on this, including advice on the German foreign investment control clearance of the deal, due to the products of the Target which are specified for military/defence purposes.”

    The Eversheds Sutherland team was led by corporate/M&A Partners Christian Mense (Munich) and Alison Starr (Leeds). The German team consisted of Partners Sven Schweneke (corporate/M&A), Martin Bechtold (competition, both Munich), Dr. Stefan Schramm (finance, Hamburg), Counsels Dr. Arndt Scheffler (export control), Dr. Manuela Rauch (both Munich) and Merle Templin (both employment, Hamburg) as well as Associates Martin Sanftleben (corporate/M&A), Fabrice Witzke (competition), Dr. Kathrin Gack, (export control), Dr. Laura Krings (employment) and Dr. Manuel Melzer (tax, all Munich).

    The UK team included Partners James Lindop (export control, London), Kate Newman (competition, Leeds) as well as Associates Jonathan Pollard, Thomas Howell (both corporate/M&A, Leeds), Mark Crane (Leeds), Clare Roarty (both competition, London).

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