Greenbriar Equity Group’s $80.8 Million Acquisition Of Arotech

Kirkland & Ellis advised an affiliate of Greenbriar Equity Group, L.P. on its definitive agreement to acquire Arotech Corporation for an aggregate equity value of approximately $80.8 million. Lowenstein Sandler served as legal counsel to Arotech on the deal.

Greenbriar Equity Group is a private equity firm. Greenbriar looks to identify companies capitalizing on strong long-term growth prospects that can benefit from Greenbriar’s industry knowledge, operating capabilities, network of senior executive relationships, strategic insight and access to capital.

Arotech is a defense and security company engaged in interactive simulation and mobile power systems.

B. Riley FBR, Inc. is serving as exclusive financial advisor to Arotech, and Lowenstein Sandler LLP is serving as legal counsel. Kirkland & Ellis LLP is serving as legal counsel to Greenbriar.

The Kirkland team was led by transactional partners Shawn O’Hargan (Picture) and Maggie Flores and associates Eduardo Leal and Aidan Murphy.

The Lowenstein Sandler team was led by partners Steven Skolnick, Alan Wovsaniker, and counsel Kate Basmagian.

Involved fees earner: Maggie Flores – Kirkland & Ellis; Eduardo Leal – Kirkland & Ellis; Aidan Murphy – Kirkland & Ellis; Shawn O’Hargan – Kirkland & Ellis; Kate Basmagian – Lowenstein Sandler LLP; Steven Skolnick – Lowenstein Sandler LLP; Alan Wovsaniker – Lowenstein Sandler LLP;

Law Firms: Kirkland & Ellis; Lowenstein Sandler LLP;

Clients: Arotech; Greenbriar Equity Group;