Perusa Partners Fund 2, a private equity fund advised by Perusa, is backing a management buyout (MBO) at Schroth Safety Products as majority shareholder, alongside members of the existing management team in both Germany and the US.
Schroth Safety Products, a specialist in the development and manufacturing of occupant protection systems for specialised applications in aerospace, motorsports, defence, and medical transport, is made up of two businesses – Schroth Safety Products GmbH, based in Arnsberg, Germany, and Schroth Safety Products LLC, based in Pompano Beach, Florida.
Schroth specialises in technical restraint systems, passenger lap belts for all major commercial aircraft, structural airbags for Airbus and Boeing platforms, and cockpit security components for the Airbus A350 and A380 platforms. Schroth also provides restraint systems into business jets, general aviation, helicopter, military and racing markets.
Martin Nadol, Managing Director of Schroth Safety Products GmbH and a member of the Schroth MBO team, says: “We are very happy about the opportunity to become an independent player in the global market for restraint systems. Our partnership with Perusa will allow us to focus even more on our core capabilities and to support our customers with innovative occupant protection technology. Schroth will maintain and expand its technological leadership, first class support services, and superior product quality.”
Dr Hanno Schmidt Gothan, Partner at Perusa GmbH and advisor to Perusa Partners Fund 2 LP, says: “We strongly believe in the superior technological capabilities of Schroth and are convinced that the company will be able to excel under the leadership of the MBO team.”
Raphael Weller, Investment Director at Perusa GmbH, adds: “We are impressed with the current MBO team and very happy that they placed their trust and confidence in Perusa as the right partner.”
