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Karanovic & Partners and Clifford Chance Advise DPE on Acquisition of Majority Stake in Mehler Vario System

Karanovic & Partners and Clifford Chance Advise DPE on Acquisition of Majority Stake in Mehler Vario System

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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.

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CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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