Bird & Bird were the adviser to Miura Private Equity on its 60% stake in Proytecsa, which specialises in the design, development, production and marketing of the latest technology security products mainly focused on financial institutions, National Security Forces, Ministries and other private companies related to the security industry. The three founders of Proytecsa maintain the remaining 40% of the Company and will continue to be part of the Management Team.
Proytecsa’s main business lines include: i) security fencing for restricted access areas, ii) explosive deactivation robots, iii) security doors for financial institutions, iv) subway access systems, and v) security and surveillance systems. For example, the Spanish National Police Force chose Proytecsa to develop a robot unit for the disposal of explosive devices and NRBC (Nuclear, Radiological, Bacteriological and Chemical) protection to fulfil current needs and deal efficiently with the real-life situations faced by the Special Police Branches.
The Bird & Bird team led by Javier Vasserot, included corporate, tax, employment and IP partner Manuel Lobato and IP associate Fidel Porcuna, for the patents and Know-How expertise necessary for the IP dependent nature of Proytecsa’s business.
Javier Vasserot, head of Bird & Bird’s Corporate Group in Spain, commented: “We are delighted to have worked with Miura on what was an important deal for them, in a market which has not recently seen many private equity deals. It was a unique transaction, highlighting our ability to do complex work requiring a variety of expertise beyond typical M&A.”