P+P advises Equistone on sale of EuroAvionics GmbH to Airbus spin-off
Funds advised by finance investor Equistone have sold their majority participation in EuroAvionics Group. The buyer is HENSOLDT AG, a spin-off of the defense electronics division of the Airbus Group. The transaction is still subject to approval by the responsible regulatory authorities.
Equistone acquired the majority participation in EuroAvionics in July 2012. Founded in 1993, the company is meanwhile one of the leading international manufacturers of avionics systems for helicopters and airplanes. They are primarily utilized in aerial rescue, reconnaisance, firefighting and police work. At the beginning of 2017, EuroAvionics introduced autopilot and avionics systems for multicopter drones.
The EuroAvionics Group has its headquarters in Pforzheim and has subsidiaries in the UK, the US and Switzerland, currently employs approximately 110 people and recently generated turnover of approx. EUR 20 m.
P+P Pöllath + Partners advised Equistone Partners Europe on all aspects of the transaction with the following Munich-based team:
- Andrea von Drygalski (partner, lead, private equity/M&A)
- Benedikt Hohaus (partner, private equity/M&A, management participation)
- Ralf Bergjan (partner, private equity/M&A)
- Andrea Beilborn (associate, private equity/M&A)
P+P Pöllath + Partners also advised Equistone on its initial participation in 2012.