Munich / Mitcheldean, 30 November 2012 – Perusa Partners Fund 1, LP has acquired UK-based MineTech International, located in Mitcheldean (www.minetech.co.uk), via Perusa’s portfolio company Dynasafe Area Clearance Group (www.dynasafe.com). MineTech is a global leader in mine clearance and detection of explosives. Perusa was advised by Ernst & Young and Faegre Baker Daniels regarding the transaction.
MineTech perfectly complements the Dynasafe Portfolio – “Following the successful takeover of GRV Luthe, BACTEC, and Dynasafe International, MineTech serves to complete the capability-building of the group in the fields of Area Clearance, Mine Action, and Demilitarisation,” explains Dr. Hanno Schmidt-Gothan, Managing Director of Perusa GmbH, adviser to the Perusa funds. “MineTech is well known on a global scale for its expertise in detection and clearance of explosives. They will strengthen the group in its efforts to make the world a safer place, especially in regions of crisis. The acquisition of MineTech is an important step to complete the international buy-and-build strategy of the entire Dynasafe Group.”
Adds Dr. Stephan Beller, Managing Director of the Dynasafe Group: “We are delighted that MineTech has joined our group. We are on an exciting journey towards global market leadership, and we are prepared to face the challenges ahead.”
Perusa Partners Fund 1, L.P. (www.perusafund.gg) is a leading investor with a focus on special situations and buy-and-build strategies in the mid-market. Related portfolio companies include the Dynasafe Area Clearance subsidiaries GRV LUTHE and BACTEC, and Dynasafe International AB, concentrating on the detection, clearance and environmentally-safe disposal of explosives.
Perusa GmbH is based in Munich and was set up in 2007 by Dr. Christian Hollenberg, Dr. Christopher Höfener and Dr. Hanno Schmidt-Gothan. The team of personally, industrially, and financially independent entrepreneurs invests via “Perusa Partners Fund 1”, a fund raised in April 2008 and its successor fund “Perusa Partners Fund 2”, in medium-sized companies and specific business areas of organizations. 350 million Euros is available, provided by renowned institutional investors. Money can also be raised via co-investments as required. www.perusa.de and www.perusafund.gg