The Smartwater Group completes counterpart deal | Midlands Deals News

Telford-based risk management company The Smartwater Group has completed the acquisition of a counterpart. Lincoln’s Sills & Betteridge advised on the deal.

As part of the newly expanded group, Tag Security Holdings (TSH), which operates as Tag Guard in the UK and BetaGuard in Europe, will continue to supply mobile security systems. It plans to provide a broader range of technologies which deter crime and maximise the chances of a successful criminal prosecution.

TSH is an English holding company with subsidiaries in Holland, Belgium, Germany and Canada.

The deal was led by Sills & Betteridge partner Martin Walsh.

Managing director Martin Berends 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.”

Walsh added: “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.”