M&A Deal Summary

AGIC Capital Acquires Farsound Aviation

On July 15, 2019, private equity firm AGIC Capital acquired aerospace company Farsound Aviation from Rubicon Partners for 115M GBP

Acquisition Highlights
  • This is AGIC Capital’s 1st transaction in the Aerospace sector.
  • This is AGIC Capital’s largest (disclosed) transaction.
  • This is AGIC Capital’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-07-15
Target Farsound Aviation
Sector Aerospace
Buyer(s) AGIC Capital
Sellers(s) Rubicon Partners
Deal Type Secondary Buyout
Deal Value 115M GBP

Target

Farsound Aviation

Essex, United Kingdom
website
Farsound Aviation is an aerospace parts distributor focusing on C-Class, B-Class, and other fast-moving consumable parts to the aerospace sector. Alongside long-term sourcing agreements, Farsound also provides value-added services such as kitting and customer consignment. Farsound Aviation was founded in 1986 and is based in Essex, United Kingdom.

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Buyer(S) 1

Buyer

AGIC Capital

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2015
PE ASSETS 1.0B USD
Size Large
Type Sector Focused
DESCRIPTION

AGIC Capital (aka Asia Germany Industrial Promotion Capital) is a private equity group focused on industrial and medical technology investments in Europe. The Firm's specific areas of interest include (1) intelligent production, (2) high-end systems and components, (3) advanced materials, (4) medical equipment, and (5) environmental protection technologies. AGIC Capital was formed in 2015 and has offices in Shanghai, Hong Kong, Beijing, London, and Munich.


DEAL STATS #
Overall 5 of 10
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 4 of 6
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Gimatic Srl

Roncadelle, Italy

Gimatic Srl is an end-of-arm tools manufacturer, providing a complete offering of pneumatic gripper solutions (grippers, actuators, linear guides and quick exchangers), mechatronic solutions, and various sensors for automation and grippers to the automotive, packaging, food and beverage, plastics, medical and pharmaceutical industries. Gimatic Srl is headquartered in Roncadelle, Italy.

Sell €370M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 Fotona

Ljubljana, Slovenia

Fotona is a manufacturer of high-performance lasers for medical, dental, and aesthetic applications. The company sells these systems through a network of 70+ worldwide distributors and through a direct sales force in the United States. Fotona was established in 1964 and is headquartered in Ljubljana, Slovenia.

Sell -

Seller(S) 1

SELLER

Rubicon Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

Rubicon Partners is a large private equity firm focused on acquiring industrial service and products businesses. The Firm targets business valued from £15 to £250 million and has a special interest in situations with transactional or operational complexity. Specific areas of interest include aerospace, construction, machinery, construction, building products, automotive, energy/power, industrial services, and specialty distribution. Prospective transaction situations include carve-outs, successions, and other special situations. Rubicon Partners was formed in 1993 and is based in London.


DEAL STATS #
Overall 5 of 8
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (United Kingdom) 4 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Park Sheet Metal

Warwickshire, United Kingdom

Park Sheet Metal Co. Ltd. is a manufacturer of complex sheet metal components for the niche automotive sector. PSM supports its customers’ demands for prototype tooling and assemblies and low volume production of body-in-white components. Park Sheet Metal was founded in 1947 and is based in Warwickshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 Airedale Group

Bradford, United Kingdom

Airedale Group provides a full suite of services for customers including design, manufacturing of bespoke stainless steel products, build and fit-out, and servicing of equipment. Airedale Group was established in 1986 and is based in Bradford, England.

Buy -