P+P advises SCHROTH management on sale to Perusa

Perusa Partners Fund 2 L.P. has acquired a majority share in the SCHROTH company through a management buyout of the German company SCHROTH Safety Products GmbH and the American company SCHROTH Safety Products LLC. In the process, the management of SCHROTH has invested in a minority share.

TransDigm Group Incorporated, SCHROTH's current parent company, had previously announced the sale of SCHROTH activities within the scope of an agreement with the US Department of Justice.

SCHROTH Safety Products is a leading international company that develops and manufactures passenger safety systems in the aviation and aerospace industries, in motor sports, the defense industry and in medical transportation. SCHROTH specializes in technical restraint systems, passenger seat belts, airbags and cockpit security components.

The business unit SCHROTH Safety Products GmbH is headquartered in Arnsberg, Germany, and SCHROTH Safety Products LLC is located in Pompano Beach, Florida.

P+P Pöllath + Partners advised the SCHROTH's management on the transaction with the following Munich-based team:

• Dr. Benedikt Hohaus (partner, M&A/private equity, management participation)
• Dr. Roman Stenzel (counsel, M&A/private equity, management participation).