Leading international law firm Addleshaw Goddard has advised Soho Square Capital LLP and Technical Fire Safety Group Ltd on TFSGs acquisition by Germany headquartered svt Holdings GmbH.
The deal saw Soho Square, an investment firm focused on serving the financing needs of established and growing UK and European SMEs, exit its investment in TFSG, Europe’s market-leading independent fire safety glass specialist.
Soho Square originally invested in TFSG in 2018 and since then the business has grown rapidly, with revenue and EBITDA both increasing threefold. Svt is an internationally leading provider of preventive passive fire protection products and installation management and restoration management services, backed by Ergon Capital, a pan-European mid-market private equity investment fund with approximately €2.5 billion of AUM.
The multi-jurisidictional Addleshaw Goddard team advising on the deal included Peter Wood, Dave Parker and Rebecca Sabin, supported by Hubertus Schroder, Natalia Ilyevich, Mattieu Taupin, Francois Alambret and Emmanuelle Lecornu-Mercier.
Dave Parker said: "TFSG is a real success story and the business has enjoyed great growth over recent years. This transaction is a good one for all parties involved and we were delighted to assist our clients in reaching this point."