J.F. Lehman portfolio company acquires maritime interests of Chemring Marine
Clients J.F. Lehman & Company
Jones Day advised long-standing client J.F. Lehman & Company, a leading mid-market private equity firm focused on the defense, aerospace, and maritime sectors, in connection with the £32 million (US$50 million) acquisition and related financing by portfolio company Drew Marine of the maritime interests of Chemring Group PLC, a designer, manufacturer, and seller of counter-improvised explosive device (IED) equipment, countermeasures, pyrotechnics, and munitions. Upon close, the acquired business, a leading supplier of marine distress signals including handflares, manoverboard buoys, line-throwers, and other rescue products, was renamed Drew Marine Signal and Safety.