On May 2, 2012, BAE Systems announced a definitive agreement to sell its Ontario, California-based Safariland, LLC business to a newly formed acquisition vehicle affiliated with Kanders & Company, Inc. Cravath represented BAE Systems in connection with this transaction, which is expected to close during the second or third quarter of 2012. Safariland, which has been part of BAE Systems since the 2007 acquisition of Armor Holdings, Inc., is a leading manufacturer and well-recognized brand of protective products for law enforcement and security customers worldwide.
The Cravath team included partner Stephen L. Gordon and associates J. Leonard Teti II and Melissa Moszkowski on tax matters; partner Eric W. Hilfers, practice area attorney Michael Krasnovsky and associate Edward A. McGehee on executive compensation and benefits matters; partner George E. Zobitz and associate Heather A. Cobb on banking matters; partner Matthew Morreale on environmental matters; practice area attorney Gary R. Eisenman on real estate matters; and associates Kirkie Maswoswe and Isaac C. Beerman on corporate matters.