Econolite Group, Inc. Sale to Bridgepoint Group PLC and Porsche SE

Stradling represented Econolite Group, Inc. in connection with the execution of a purchase agreement for the sale of 100% of Econolite to a holding company owned by Bridgepoint Group PLC and Porsche SE.  

The transaction is subject to customary closing conditions, including HSR and CFIUS filings.  The transaction structure includes a Luxembourg S.a.r.l parent holding company, which required engagement of counsel in Luxembourg.  B. Riley served as investment bankers for Econolite.  The transaction is expected to close in June 2022.