Karanovic & Partners, working with lead counsel Clifford Chance, has advised Deutsche Private Equity on the local aspects of its acquisition of a majority stake in M-Sicherheitsbeteiligungen from Armira. CMS reportedly advised the seller.
Financial details of the transaction were not disclosed.
M-Sicherheitsbeteiligungen is a subsidiary of Mehler Vario System that manufactures ballistic vests, tactical equipment and clothing, and protection systems for vehicles. The company employs around 600 people in five locations in Germany, Slovenia, and Serbia and generates revenues of more than EUR 100 million.
Deutsche Private Equity primarily invests in small and medium enterprises in Germany, Austria, and Switzerland. DPE has invested in 30 companies since its foundation in 2007 and currently manages assets valued at EUR 2 billion.
Armira is an investment holding focused on investments in privately-held, medium-sized businesses in Germany, Austria, and Switzerland. The Armira Group companies currently employ over 8,000 people and generate annual sales of approximately EUR 1.5 billion.
Karanovic & Partners team included Partner Ivan Nonkovic and Associate Marko Culafic.
Editor's note: After this article was published, CMS confirmed its involvement. The firm's team was led by Frankfurt-based Partner Hendrik Hirsch and included Belgrade-based Partners Radivoje Petrikic and Marija Tesic and Attorneys-at-Law Jelena Djordjevic and Igor Djordjevic, as well as lawyers from CMS’s offices in Germany and Slovenia.