M&A Deal Summary

KKR Acquires Novaria Group

On November 25, 2019, private equity firm KKR acquired aerospace company Novaria Group from Rosewood Private Investments

Acquisition Highlights
  • This is KKR’s 2nd transaction in the Aerospace sector.
  • This is KKR’s 138th transaction in the United States.
  • This is KKR’s 18th transaction in Texas.

M&A Deal Summary
Date 2019-11-25
Target Novaria Group
Sector Aerospace
Buyer(s) KKR
Sellers(s) Rosewood Private Investments
Deal Type Secondary Buyout
Advisor(s) Lazard Ltd. (Financial)
Foley & Lardner LLP (Legal)

Target

Novaria Group

North Richland Hills, Texas, United States
website
Novaria Group is a cohesive family of precision aerospace & defense component companies, a sum made greater by the value of its parts, that consistently delivers optimum performance and sustainable growth. Novaria Group was founded in 2011 and is based in North Richland Hills, Texas.

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Buyer(S) 1

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 317 of 429
Sector (Aerospace) 2 of 4
Type (Secondary Buyout) 68 of 103
State (Texas) 18 of 23
Country (United States) 138 of 189
Year (2019) 25 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 LGC Group

Teddington, United Kingdom

LGC Group is an international life science measurement and testing company. LGC provides a range of measurement products and services that underpin the safety, health, and security of the public, including reference materials and proficiency testing, genomics reagents and instrumentation, and expert sample analysis and interpretation. LGC Group was founded in 1842 and is based in Teddington, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-03 Axius Water

Pocasset, Massachusetts, United States

Axius Water is a wastewater treatment platform that provides nutrient management solutions for municipal and industrial wastewater treatment facilities. Axius Water was founded in 2019 and is based in Pocasset, Massachusetts.

Buy -

Seller(S) 1

SELLER

Rosewood Private Investments

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rosewood Private Investments is a family-owned private investment firm focused on acquiring and building companies. The Firm will consider opportunities throughout the US and generally seeks to commit $50 to $100 million per transaction. Target companies typically possess experienced management and diverse customers. Rosewood does not have any sector preferences, however, the Firm will not invest in oil/gas, real estate, banking, insurance, and biotechnology. Rosewood Private Investments is based in Dallas, Texas.

DEAL STATS #
Overall 9 of 14
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 6 of 8
State (Texas) 4 of 6
Country (United States) 9 of 14
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 ATTOM Data Solutions

Irvine, California, United States

ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency, and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation's population. ATTOM Data Solutions was founded in 1996 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Living Ecology

Henderson, Nevada, United States

Living Ecology is a developer, formulator, and manufacturer of functional foods and nutritional supplements. Living Ecology specializes in the manufacturing of functional fruit and nutritional bars, which is an area of growth and offers an array of services covering a range of form factors including bites, powders, and capsules. Living Ecology is based in Henderson, Nevada.

Buy -
Mergr

Product

Company

Legal