M&A Deal Summary

CPI Acquires CPI

On November 11, 2008, CPI acquired electrical equipment company CPI from The Cypress Group

Acquisition Highlights
  • This is CPI’s 1st transaction in the Electrical Equipment sector.
  • This is CPI’s 1st transaction in the United States.
  • This is CPI’s 1st transaction in California.
Investment Fate
  • CPI was divested to a consortium of buyers in 2022.

M&A Deal Summary

Date 2008-11-11
Target CPI
Sector Electrical Equipment
Buyer(s) CPI
Sellers(s) The Cypress Group
Deal Type Add-on Acquisition

Target

CPI

Palo Alto, California, United States
website
CPI is a designer and manufacturer of electronic components, subsystems and antenna systems for the communications, government, medical and scientific markets. CPI provides technology solutions used in the generation, transmission and reception of signals used in both commercial (broadband internet, in‐flight connectivity) and government (earth observation, satellite communications) applications. CPI was founded in 1995 and is based in Palo Alto, California.

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Buyer(S) 1

Buyer

CPI

Santa Rosa, California, United States

website


Category Company
Founded 1986
Sector Test/Measurement Equipment
DESCRIPTION

CPI is a direct marketer, designer and manufacturer of innovative OEM and end-user solutions in analytical science and technology. The company manufactures a range of technical analytical instrument components, high-purity standard solutions and reagents and other analytical testing products for the environmental, petrochemical, pharmaceutical, biotechnology and semiconductor industries. CPI’s worldwide customers include IBM, Intel, Pfizer, Merck, Bayer, US Filter, Safety Kleen, Chevron, Ashland Chemical, Dupont and BASF as well as numerous federal, state, academic and private laboratories. Direct sales and marketing are conducted worldwide, from offices in the United States, Canada, Europe and Japan.


DEAL STATS #
Overall 1 of 2
Sector (Electrical Equipment) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 2
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-30 Codan Satcom

Boalsburg, Pennsylvania, United States

Codan Satcom is a prominent supplier of solid-state RF subsystems for satellite communications services to commercial and government end users. Codan Satcom has operations in Newton, South Australia and Boalsburg, Pennsylvania.

Buy $9M

Seller(S) 1

SELLER

The Cypress Group

New York, New York, United States

website


Category Private Equity Firm
Founded 1989
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Cypress Group is a private equity firm that acquires businesses in a range of industries. Broad sectors of interest include consumer services, financial services, and manufacturing. The Cypress Group was formed in 1989 and is headquartered in New York, New York.


DEAL STATS #
Overall 10 of 12
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 8 of 10
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 Brand Connections

New York, New York, United States

Brand Connections creates and executes digitally integrated marketing campaigns that enhance brand awareness, influence consumers on their path-to-purchase, and increase sales for consumer packaged goods (CPG) brands and national retailers. The company is retail-centric and digitally savvy across all divisions, fulfilling the needs of its clients through its full suite of in-house capabilities, including a strong focus on retail and shopper in-store marketing programs, sampling and fulfillment services, digital media, digital consumer promotions, and experiential solutions, among other services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-05 Financial Guaranty Insurance

New York, New York, United States

FGIC is a bond insurer. Bond insurers guarantee the timely payment of principal and interest, effectively transferring the insurer's credit rating to the issuer, resulting in a lower cost of borrowing for the issuer.

Sell -