Law firm Stephenson Harwood LLP has advised Elysian Capital on its acquisition and investment, in conjunction with management, in D3O Holdings Limited.

Elysian Capital is an independent private equity firm focused on the lower mid-market in the UK and Ireland. It acquires majority stakes in growth businesses valued between £20 million and £100 million. This transaction represents the fifth platform investment in the last three months from the Elysian Capital III LP Fund, which closed in September 2020 at £325 million.

D3O designs, manufactures and distributes impact protection products to B2B customers around the globe, across a range of key market segments. These include consumer protection, which comprises sport, outdoor and electronics, as well as PPE, which consists of defence and industrial. This deal will enable D30 to scale its business, as well as further develop its target markets.

The Stephenson Harwood team was led by partner Malcolm MacDougall, who was supported by senior associate Lucy Thorpe and associate Lydia Zakrzewski.