Frankfurt/Main – Investment holding company Armira has sold all its shares in M-Sicherheitsbeteiligungen GmbH (Mehler Vario System Group) to private equity firm Deutsche Private Equity (DPE). Details of the deal were not disclosed. The transaction is currently awaiting approval from the relevant authorities.
A CMS team headed by lead partner Dr Hendrik Hirsch advised Armira on all legal aspects of the transaction. The Mehler Vario System Group was acquired in 2014 and has experienced strong organic and inorganic growth since then. Armira regularly relies on the expertise of CMS, including for the strategic acquisition of Lindnerhof-Taktik GmbH in 2017 and of Uni & Forma d.o.o. in 2019, which saw the Mehler Vario System Group evolve into a solution provider for protection systems.
Armira is an investment holding company headquartered in Munich that invests in mid-sized businesses in the German-speaking countries. Its focus is on established, profitable companies with sales of between EUR 50 million and 500 million. Due to its unique capital base comprising entrepreneurs and business-owning families, Armira has the flexibility to invest without a fixed term and can focus on long-term development of its portfolio companies. The Armira Group currently generates sales of more than EUR 1.5 billion and employs over 8,000 people.
The Mehler Vario System Group is a leading manufacturer of ballistic protection equipment. The product portfolio includes an extensive range of high-quality ballistic protective vests, tactical equipment and clothing as well as ballistic protection solutions for vehicles. The Mehler Vario System Group includes Mehler Vario System GmbH as well as three German subsidiaries, plus a further subsidiary in Slovenia and one in Serbia. The company is based in Fulda, Germany. It has around 600 employees at five locations and operates internationally in more than 40 countries worldwide.
Deutsche Private Equity is an independent German private equity firm and one of the largest growth capital providers in Germany. It focuses on medium-sized companies in the German-speaking countries that operate in sectors with positive long-term development prospects. DPE was established in 2007. Since then, it has invested in 30 companies which have made more than 70 follow-on investments and now employ over 7,490 people. DPE manages total assets of around EUR 2.2 billion.
Dr Hendrik Hirsch, Lead Partner
Christian Schubert, Counsel
Dr Berrit Roth-Mingram, Senior Associate
Maxine Notstain, Associate, all Corporate/M&A
Kai Neuhaus, Partner
Moritz Pottek, Associate, both Competition & EU
Boris Alles, Counsel, Labor, Employment & Pensions
Dr Thomas Hirse, Partner
Philippe Heinzke, Counsel
Sven Krause, Senior Associate, all Intellectual Property
Dr Jakob Steiff, Partner, Real Estate & Public
Aleš Lunder, Partner
Robert Kordić, Associate
Radivoje Petrikić, Partner