Lovells to act on ICTS europe holdings sale

Lovells has landed an instruction from German private equity house Deutsche Beteiligungs advising on its e100m (£78.73m) acquisition of ICTS Europe Holdings.

This was Lovells’ first instruction from Deutsche Beteiligungs and saw it field a team led from Frankfurt by corporate partner Patrick Kaffiné. Airport security services provider ICTS Europe Holdings was until now a wholly-owned subsidiary of Fraport, which operates Frankfurt International Airport and several other foreign airports.

Fraport turned to Freshfields Bruckhaus Deringer Frankfurt corporate partner Henning Oesterhaus and senior associate Tatjana Jendritzki. Financing was arranged by WestLB, which was advised by partner Christina Ungeheuer of Latham & Watkins Frankfurt.