Perusa GmbH’s acquisition of Schroth Safety Products LLC

Ashurst advised SEB AG on financing the acquisition of Schroth Safety Products, a global leader in the development and manufacturing of occupant protection systems for specialised applications in aerospace, motorsports, defense, and medical transport, by international private equity firm Perusa.

The purchase was part of a management buyout (MBO) with Perusa Partners Fund 2, L.P. as majority shareholder as well as dedicated Schroth managers from both Germany and the United States of America. Schroth was sold by its parent company TransDigm Group Incorporated.

Schroth is made up of two businesses, Schroth Safety Products GmbH, based in Arnsberg, Germany and Schroth Safety Products LLC., based in Pompano Beach, Florida.

The Ashurst team was led by finance partner Anne Grewlich (picture), assisted by senior associate Gabrielle Metherall, counsel Nikolos Tsagareli, associate Emilie Veyran-Müller, transaction manager Kerstin Hartman and trainee solicitor Dan Easom. Partner Dr Martin Bünning and associate Carina Park (all Frankfurt) advised on tax law. Partner Michael Neary, assisted by associates Misha Daha and Samuel Hoy, from the New York office advised on aspects of US finance law.

Involved fees earner: Anne Grewlich – Ashurst; Gabrielle Metherall – Ashurst; Nikolos Tsagareli – Ashurst; Emilie Veyran-Müller – Ashurst; Kerstin Hartmann – Ashurst; Misha Daha – Ashurst; Michael Neary – Ashurst; Samuel Hoy – Ashurst; Martin Bünning – Ashurst; Carina Park – Ashurst;

Law Firms: Ashurst;

Clients: SEB AG;

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