Beretta Holdings’ Acquisition of RUAG Ammotec
HPP Attorneys Ltd. was part of a multijurisdictional team of law firms advising on the transfer of the entirety of RUAG Ammotec business to Beretta Holding S.A.
The transaction process was led by Dentons, assisted by HPP Attorneys, Wenger Vieli, Setterwalls, and Binder Grösswang Rechtsanwälte.
HPP Attorneys advised on the transaction with a team comprising partners Andrew Cotton (M&A) and Anna Roubier (FDI/Regulatory).
Q&A with HPP Attorneys
Please tell us more about the role you played during this transaction.
As the transaction involved a target that supplies defence and law enforcement agents (‘DLE’), the transaction also required a pre closing approval by the Finnish FDI screening authority, the Ministry of Economic Affairs and Employment of Finland.
HPP Attorneys assisted Beretta Holding in submitting a complete notification to the Finnish Screening Authority and the subsequent regulatory process. The transaction was cleared in a speedy manner during Phase I proceedings, with no requests for further information.
How does your work on this deal fit the profile of your firm?
The work on the Beretta Holding/RUAG Ammotec transaction reflects very well the type of assignments that HPP Attorneys handles on a regular basis. We have extensive experience in multijurisdictional matters and regularly assist clients in cross-border transactions, including with respect to regulatory processes, such as FDI and merger control clearances. HPP regularly partners with leading law firms around the world in servicing our clientele.
What impact is this deal expected to have for the wider firearms market, and for RUAG International?
HPP assisted Beretta Holding with the Finnish FDI regulatory process. The Finnish Screening Authority concluded that the transaction has no impact on a key national interest and cleared the acquisition in Phase I proceedings.