Hogan Lovells has acted as acquisition counsel to Survitec Group, a provider of safety and survival equipment, on the leveraged buyout of Revere Commercial Marine Business from Revere Supply to expand its presence in the US.
Survitec was acquired by private equity firm Warburg Pincus earlier this year.
The acquisition of Revere is designed to strengthen Survitec’s position in the marine, defence and aerospace safety markets.
Alan Greenough, co-head of private equity at Hogan Lovells, says: “We are delighted to have acted for the Survitec Group on this deal, which demonstrates private equity’s ability to support the growth of investee companies despite difficult market conditions. This is a good example of a bolt-on acquisition as part of a buy-and-build strategy to enhance the exit for the private equity house and other shareholders."
