Luxembourg investment company Luxempart has sold its stake in Mehler, a manufacturer of protective equipment for the police, military and special forces, to Deutsche Private Equity and co-investors.
Luxempart sold its 30% stake in Mehler Vario Systems to Deutsche Private Equity and a consortium of co-investors HarbourVest, Lexington and GCM. The sale sees Luxempart make a capital gain of more than four times its investment.
Mehler Law Enforcement GmbH (MLE) is one of the European market leaders in personal ballistic protection equipment, related tactical equipment and other ballistic protection solutions. Law enforcement and armed forces in more than 40 countries around the world are among their clients.
Luxempart is a Luxembourg based listed investment company with a net worth of €1.5bn backed by Luxembourgish entrepreneurial families. Luxempart is a professional investor in private equity, long-term assets (listed and non-listed), and medium-term investments in listed companies (PIPE) across the Benelux, the German speaking markets, Italy, and France.
Mehler was managed in collaboration with Armira, whom Luxempart is one of the main investors, an investment holding focused on direct investments in privately held, medium-sized businesses.
The sale is subject to approval by the Luxembourg competition authorities and the Luxembourg Ministry of Economy.
Edited by Ramata Diallo