DLA Piper has advised BAE Systems on its acquisition of Bohemia Interactive Simulations from the Riverside Company. Jones Day advised Riverside on the deal.
The transaction remains contingent on regulatory approval.
The Riverside Company is a private equity firm focused on investing in growing businesses valued at up to USD 400 million. Bohemia Interactive Solutions is a Czech software company operating in the military training and simulations market. BAE Systems is a defense contractor.
“During our partnership with Bohemia, we have developed an enormously strong working relationship,” Riverside Partner Martin Scott commented. “We have helped them expand from a single-product company to a three-, soon to be four-product company, internationalized sales into an unrivaled ecosystem of more than 360 customers across 63 countries, and built a scalable operations infrastructure and professional management team, as well as supported two generations of development of the company’s flagship product.”
“I am grateful to the team at Riverside for their support and stewardship over the course of this investment,” said Bohemia CEO Arthur Alexion. “With Riverside's strategic advice and financial backing, we have transformed Bohemia into a true world leader and set the foundation for an exciting, continued growth story with our new owner, BAE Systems.”