Arnold Bloch Leibler has advised the shareholders of Trakka Group on the sale of their shares to Acron Aviation, owned by leading US-based private equity firm, TJC.
Trakka designs and manufactures integrated electro optical cameras and high intensity searchlights used by emergency services and other mission critical operators across air, land, and maritime platforms.
The transaction required a bespoke, cross border implementation across three separate operating entities in Australia, the United States and Sweden with overlapping, but non identical shareholder registers. Completion followed regulatory clearances in Sweden and Italy and careful coordination among a geographically dispersed shareholder base spanning Australia, the United States, Sweden, Singapore, and South Africa.
The ABL team was led by Corporate and M&A partner, Jonathan Wenig and lawyer, Anjali Bethune, with support from lawyers Robyn Kalkhoven and Noah Abelman.
Jonathan commented on the transaction: “This was a highly complex, multi-jurisdictional sale with intricate shareholder dynamics and cross border regulatory approvals. Our role was to keep the process moving, align stakeholders and deliver certainty on timing and outcomes. We’re proud to have helped deliver a successful closing for our clients and to see Trakka embark on its next phase under Acron/TJC ownership.”
Peter Rudaizky, CEO of Trakka Systems added: “This is a significant step forward in the Trakka Systems journey, and we are excited by the opportunities the acquisition by Acron brings.”
