Squire Patton Boggs has advised Generation 5 Holding L.L.C, a PE investment arm of Calidus, a major provider of defence equipment, technology and services based in Abu Dhabi, on its subscription for a total of A$30m of fully paid ordinary shares in Australia based Electro Optic Systems Holdings Limited (EOS). The subscription will place Calidus as a cornerstone investor in EOS as part of a fully underwritten institutional placement of over 20 million shares.
The cross-border team advising Generation 5 Holding/Calidus was led by Corporate partner Matthew Powell in Dubai and included Corporate partners Louisa Hine and James Ngyuen, and Competition-Antitrust special counsel James Konidaris in Sydney.
“This is a terrific example of the reliability and mobility of capital from the UAE, notwithstanding recent challenges in the region,” said Matthew Powell. “Through a combined team across Abu Dhabi and Sydney, it was our privilege to advise Calidus on this investment, and we congratulate them and the EOS team on this significant milestone.”
Calidus was established in Abu Dhabi in 2015. As a technology development and manufacturing enterprise, the company delivers cutting-edge solutions for aerospace and land defence systems in the UAE with a focus on innovation and quality.
EOS has designed, manufactured and exported advanced technology systems for nearly 40 years. Its product range covers remote weapon systems, turrets, high energy laser weapons, counter-drone systems, and space intelligence and space control services. The capital raising strengthens EOS’ balance sheet and supports the company’s next phase of growth, including the recently completed acquisition of MARSS Group, a Europe-based provider of AI-enabled command-and-control systems for counter-drone capability, and continued investment in advanced defence and space capability.
