Latham Advises Latour Capital on the Carve-Out of GTD Space & Security, Renamed Celeres

Latham & Watkins has advised Latour Capital, an independent French investment firm, on the completion of the acquisition of GTD Space & Security, previously a subsidiary of GTD, the Spanish technology group. Following the transaction, Latour Capital becomes the company’s majority shareholder, alongside GTD Group, which is reinvesting as part of the transaction, and the management team. The company is adopting a new identity and will operate as Celeres.

The Latham team is led by Paris corporate partners Alexander Crosthwaite and Simon Lange, with Madrid counsels Carmen Esteban and Ori Assa, and Paris and Madrid associates Alexandre de Puysegur, Cyril Thobois, and Elena Martínez de Luco. Advice was also provided on tax matters by Paris and Madrid partners Estelle Philippi and Iván Rabanillo, with Paris and Madrid associates Émilie Scandola and Juan Rodríguez; on IP and commercial contracts matters by Paris associate Daniel Martel; on FDI matters by Madrid partner José María Alonso, with Madrid and Paris associates Telmo Iriondo, Alexandre de Puysegur, and Cyril Thobois; on employment matters by Madrid partner Naiara Rodríguez-Escudero, with Madrid and Paris associates María Goñi and Cosma Scutiero; and on antitrust matters by Paris partner Adrien Giraud, with associate Alice Noguier.