Arnold & Porter Represents Armored Vehicle Maker in Sale of Stake to Asian Auto Investors
LONDON, January 8, 2015 - Arnold & Porter LLP’s London office represented one of the world’s largest commercial armored vehicle providers, the Carat Security Group, on the sale of a stake to investors from Asia. The investors include Dongfeng Design Institute Co. Ltd, a company that has long-standing partnerships with the largest Chinese automotive manufacturers. This investment will allow Carat Security to expand its brands, including Carat Duchatelet, Centigon and Carat Defense, into new markets. Carat Security currently operates factories in Mexico, France, Venezuela, Brazil and Colombia; its customers include individuals, companies and government agencies worldwide, as well as over 45 current heads of state. The deal closed on December 19, 2014.
The Arnold & Porter team was led by partner Jeremy Willcocks with the assistance of Jonathan Crowley.