SNP Schlawien advises Videosystems on company sale
The commercial law firm SNP Schlawien has advised Videosystems Security Systems GmbH on its sale to Xortec GmbH. The advice covered all legal issues relating to the structuring of the transaction; the parties agreed not to disclose the purchase price. The closing of the transaction was completed in April 2021.
Videosystems GmbH is a Munich-based company specializing in the distribution of video systems for security technology as well as the trading of security technology devices and equipment, in particular alarm and surveillance systems. Xortec, a portfolio company of the Frankfurt-based Beyond Capital Partners Fund II advised by Beyond Capital Partners GmbH, is a leading provider of network-based video surveillance and data communications solutions. With the acquisition of Videosystems, Xortec expands its service and product portfolio in the area of security technology and strengthens its geographic presence in southern Germany.
SNP Schlawien, Munich: Dr. Stefan Schlawien and Dr. Philipp Schlawien (Corporate, M&A)
Schalast & Partner, Frankfurt: Prof. Dr. Christoph Schalast and Sven Bösing (Corporate, M&A)
Press contact for this transaction
Dr. Stefan Schlawien
Attorney at Law
Phone: +49 89 28634-411