Friday, March 29, 2024

Sills & Betteridge lead sale of Hemswell-based International Security Group in multi million pound deal

In a deal which took many months of negotiation, led by Sills & Betteridge Corporate Partner Martin Walsh, Tag Security Holdings Ltd (TSH) has now been acquired by The Smartwater Group, supported by its primary investment partner, Freshstream.

As part of the newly expanded group, TSH, which operates as Tag Guard in the UK, and BetaGuard in Europe, will continue to supply mobile security systems (including site intruder detection and access control products and services), and plans to provide an even broader range of technologies which deter crime and maximise the chances of a successful criminal prosecution.

The multi million pound transaction involved the sale of TSH, an English holding company with subsidiaries in Holland, Belgium, Germany and Canada, requiring Martin Walsh to co-ordinate multiple advisors and jurisdictions.

Commenting on the sale, Martin Berends, Managing Director of TSH, said: “Until completion of the sale of TSH, I was a majority shareholder, a Dutch national and resident, heading the international businesses of the group. I had little knowledge of the complex English legal process concerning selling shares in an English company. It was therefore absolutely vital for us to find and instruct a lawyer of Martin’s calibre.

“Martin smoothly guided us to a successful completion following a very lengthy and intensive sales process during which Martin provided the legal and commercial expertise, reassurance and confidence that only comes with more than 30 years of International Merger and Acquisition legal and transactional experience. Martin came to us very highly recommended. He delivered on all counts.”

Martin Walsh said: “I am delighted that Martin and the other shareholders were so pleased with the outcome of the deal. Now TSH is part of a much larger global group with an increased product range, their future looks to be very strong and I wish them every success.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news