M&A Deal Summary |
|
|---|---|
| Date | 2014-05-20 |
| Target | Aeroflex Holding |
| Sector | Test/Measurement Equipment |
| Buyer(s) | Cobham |
| Sellers(s) |
Golden Gate Capital
Goldman Sachs Merchant Banking Veritas Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.5B USD |
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Cobham offers various technologies and services for commercial, defense, and security markets worldwide. The company operates in four segments: Cobham Aerospace and Security, Cobham Defense Systems, Cobham Mission Systems, and Cobham Aviation Services. Cobham was founded in 1934 and is based in Wimborne, the United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 6 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 5 of 5 |
| State (New York) | 1 of 1 |
| Country (United States) | 4 of 4 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-05-10 |
Axell Wireless
Chesham, United Kingdom Axell Wireless Ltd. is a provider of Distributed Antenna Systems (DAS) and wireless solutions for the public safety and cellular markets, with a specific focus on communication systems for buildings and critical infrastructure applications. |
Buy | £85M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-22 |
Cobham Advanced Composites
Stevenage, United Kingdom Cobham Advanced Composites Ltd. design, development and production of highly engineered aerospace composite engine components (spinners, internal multi-stage components, exhaust flaps), radomes (C4I and defensive measures radomes, with a growing position in civil radomes) and complex secondary structures (air-to-air refuelling, structural munitions components). |
Sell | $200M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 19.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Golden Gate Capital is a large private equity firm focused on buyout and growth equity investments across a wide variety of industries. The Firm partners with management teams to make equity investments in situations where there is a demonstrable opportunity to significantly enhance a company's value. Sectors of interest include software and IT services, semiconductors, electronics, consumer products and retail, financial services, business services, and media. Prospective transaction types include public-to-privates, corporate extractions, bankruptcy auctions, and recapitalizations. Golden Gate Capital was formed in 2000 and is based in San Francisco, California.
| DEAL STATS | # |
|---|---|
| Overall | 41 of 79 |
| Sector (Test/Measurement Equipment) | 1 of 3 |
| Type (Add-on Acquisition) | 21 of 36 |
| State (New York) | 1 of 4 |
| Country (United States) | 37 of 71 |
| Year (2014) | 3 of 8 |
| Size (of disclosed) | 5 of 22 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-16 |
Red Lobster
Orlando, Florida, United States Red Lobster is a seafood restaurant concept operating more than 700 restaurants across the U.S. and Canada and a growing international franchisee footprint. Red Lobster is focused on delivering freshly prepared, high-quality seafood dishes at reasonable prices including an extensive menu featuring fresh fish, shrimp, crab, lobster, scallops, and other seafood and non-seafood options. Headquartered in Orlando, Florida, the Red Lobster team comprises more than 58,000 associates. |
Buy | $2.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-05-30 |
Canada Fluorspar
St. John's, Newfoundland, Canada Canada Fluorspar is a mining company that owns fluorspar reserves and brownfield production assets in Newfoundland, Canada. Fluorspar is the source of fluorine, a key input in the production of aluminum, steel and fluorochemicals like refrigerants and Teflon. CFI’s high quality reserves are uniquely positioned to address the opportunities created by evolving global supply dynamics. Canada Flourspar is headquarted in St. John’s, Newfoundland. |
Buy | $39M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 155.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 51 of 108 |
| Sector (Test/Measurement Equipment) | 1 of 1 |
| Type (Add-on Acquisition) | 13 of 36 |
| State (New York) | 5 of 11 |
| Country (United States) | 38 of 77 |
| Year (2014) | 6 of 10 |
| Size (of disclosed) | 16 of 31 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-29 |
Energy Future Holdings
Dallas, Texas, United States Energy Future Holdings Corp., formerly TXU Corp., is a Dallas-based, privately held energy company with a portfolio of competitive and regulated energy companies. These businesses serve the high-growth Texas electricity market, which is one of world's largest and among the nation's most successful competitive markets. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-03 |
Hearthside Food Solutions
Downers Grove, Illinois, United States Hearthside Food Solutions is a food contract manufacturer. The Company offers diverse production capabilities including bars, cookies, crackers, granola, snack components, and other baked goods. Hearthside specializes in the production of complex, high-volume, short-run products, which represent an increasing portion of customer demand. Hearthside Food Solutions was founded in 2009 and is based in Downers Grove, Illinois. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| PE ASSETS | 40.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 26 |
| Sector (Test/Measurement Equipment) | 2 of 2 |
| Type (Add-on Acquisition) | 7 of 13 |
| State (New York) | 1 of 2 |
| Country (United States) | 10 of 25 |
| Year (2014) | 1 of 2 |
| Size (of disclosed) | 6 of 14 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-11-04 |
Anaren
Syracuse, New York, United States Anaren, Inc. is a designer and manufacturer of high-frequency RF and microwave microelectronics, components, and assemblies for the space, defense, and telecommunications sectors. Anaren, Inc. was established in 1967 and is based in Syracuse, New York. |
Buy | $381M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-02 |
BeyondTrust
Johns Creek, Georgia, United States BeyondTrust is a provider of Privileged Access Management (PAM) software solutions, empowering organizations to secure and manage privileges across passwords, endpoints, and access while enhancing control and visibility. BeyondTrust was founded in 1985 and is based in Johns Creek, Georgia. |
Buy | $310M |
