EU governments are aligned in their recognition of the need for greater defense collaboration in light of recent geopolitical events. However, industry consolidation and greater collaboration will require parties to navigate a complex regulatory landscape. Prospective M&A deals in the wider defense ecosystem require complex M&A and Regulatory expertise, as these transactions need to secure clearances under merger control, foreign direct investment and/or national security screening regimes (given that member States retain sovereignty over investment authorizations in their defense industry). We offer a market-leading team with a proven track record in the field, extremely well positioned to guide international players and investors, working seamlessly across practice groups to deliver outstanding results for our clients.