Sills & Betteridge lead the sale of 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 Walsh