RUAG Group’s acquisition of UK-based Cyber Security specialist Clearswift

Bond Dickinson LLP, alongside Kemp Little LLP, has advised Swiss technology RUAG group on its acquisition of UK-based Cyber Security specialist Clearswift.

RUAG is actively involved in defence and security across Europe and the acquisition, which successfully completed last week, represents a significant investment to expand and develop the business’s cyber security capabilities.

Clearswift and its 140 employees are expected to add approximately GBP23 million (USD29 million) for the current fiscal year to RUAG’s revenue.

The parties have agreed to keep the purchase price confidential. The transaction is subject to regulatory approval in certain jurisdictions.

Bond Dickinson has advised RUAG on the deal with a team led by partner Ewen Macgregor (picture), assisted on property law by Andrew Harding and Briony Holland and on environmental matters by Sarah Holmes.

Kemp Little LLP has advised the Defence division of RUAG on the deal with a team led by M&A partner Glafkos Tombolis with support from corporate associates Adam Kuan and John Alder. Specialist tax advice was provided by Amanda Solomon, IP support from Paul Garland, Jeremy Harris, Emily Nuttall; commercial technology support from Paul O’Hare and Shirine Corboy and employment support from Anna Byford.

Lyceum Capital the private equity owner of Clearswift was advised by Travers Smith with a team led by head of private equity Paul Dolman with support from private equity associate Tom Hartwright. Specialist tax advice was provided by tax partner Russell Warren and associate Silvana Van der Velde. Finance advice was provided by partner Donald Lowe and associate Daniel Domb.

Involved fees earner: Ewen MacGregor – Bond Dickinson; Briony Holland – Bond Dickinson; Andrew Harding – Bond Dickinson; Sarah Holmes – Bond Dickinson; Glafkos Tombolis – Kemp Little; Adam Kuan – Kemp Little; John Alder – Kemp Little; Amanda Solomon – Kemp Little; Paul Garland – Kemp Little; Jeremy Harris – Kemp Little; Emily Nuttall – Kemp Little; Paul O’Hare – Kemp Little; Shirine Corboy – Kemp Little; Anna Byford – Kemp Little; Paul Dolman – Travers Smith; Tom Hartwright – Travers Smith; Russell Warren – Travers Smith; Silvana Van der Velde – Travers Smith; Donald Lowe – Travers Smith; Daniel Domb – Travers Smith;

Law Firms: Bond Dickinson; Kemp Little; Travers Smith;

Clients: Lyceum Capital Partners LLP; RUAG;