Matlin Patterson exits Securlog

Diana Petrowicz
09 January 2012

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Matlin Patterson has sold cash transport provider Securlog to Spain-based security solution provider Prosegur for €22.7m.

Previous funding
Matlin Patterson and Goldman Sachs acquired Securlog in 2006 in the course of insolvency proceedings from Heros.

Company
Düsseldorf-based Securlog employs about 3,200 people in its offices in Spain, France, Germany, Portugal and Romania. Established in 2006, the firm generates an annual turnover of €160m

Advisers
Buyer - DLA Piper, Christoph Papenheim, Jens Kirchner, Fabian Hinrichs, Sven Friedrich, Sascha Morgenroth (Legal)
Equity - Latham & Watkins, Gregor Klenk, Rudolf Haas, Marcus Hermann, Anders Kraft, Norma Studt, Daniel Schlößer, Stefan Wirsch, Andreas Feith (Legal)

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