M&A Deal Summary |
|
|---|---|
| Date | 2014-11-20 |
| Target | Firth Rixson |
| Sector | Aerospace |
| Buyer(s) | Alcoa |
| Sellers(s) |
Oak Hill Capital
Intermediate Capital Group Aerostar Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.9B USD |
| Advisor(s) | Citigroup Investment Banking Lazard Ltd. (Financial) Paul, Weiss, Rifkind, Wharton & Garrison (Legal) |
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| Category | Company |
|---|---|
| Founded | 1886 |
| Sector | Metals/Mining |
| Employees | 13,100 |
| Revenue | 12.5B USD (2022) |
Alcoa is a lightweight metals engineering and manufacturing company. Alcoa’s multi-material products, which include aluminum, titanium, and nickel, are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications. Alcoa was incorporated in 1886 and is based in Pittsburgh, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 24 |
| Sector (Aerospace) | 5 of 5 |
| Type (Add-on Acquisition) | 15 of 18 |
| Country (United Kingdom) | 2 of 2 |
| Year (2014) | 1 of 2 |
| Size (of disclosed) | 2 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-11-15 |
Alcoa Power Generating Inc
United States Alcoa Power Generating, a 378-megawatt Tapoco Hydroelectric Project. Tapoco is a four-station hydroelectric project located on the Little Tennessee and Cheoah Rivers in eastern Tennessee and western North Carolina. |
Sell | $600M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-12-15 |
TITAL
Bestwig, Germany TITAL GmbH is a manufacturer of titanium and aluminum structural castings for aircraft engines and airframes. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 9.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Oak Hill Capital Partners was originally formed as the private equity investment vehicle for Robert Bass and in 1999, opened up to outside investors and raised its first private equity fund. Oak Hill looks to invest in middle-market companies and focuses its efforts within six industry groups. The six groups include basic industries; business and financial services; consumer, retail, and distribution; healthcare; media and telecom; and technology. Oak Hill targets businesses with defensible business models, strong market positions, and 'best-in-class' management. Oak Hill Capital was formed in 1986 and has offices in Stamford, Connecticut; Menlo Park, California; and New York City.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 55 |
| Sector (Aerospace) | 2 of 3 |
| Type (Add-on Acquisition) | 16 of 23 |
| Country (United Kingdom) | 2 of 4 |
| Year (2014) | 4 of 5 |
| Size (of disclosed) | 1 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-10-07 |
Bluepeak
Sioux Falls, South Dakota, United States Bluepeak is a broadband/cable company providing high-speed internet, television, and digital telephone services for residential and business customers in South Dakota and southwestern Minnesota. Bluepeak was founded in 2014 and is based in Sioux Falls, South Dakota. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-12-01 |
Avolon Holdings
Dublin, Ireland Avolon Holdings Ltd. is a provider of aircraft leasing and lease management services to airlines and aircraft investors worldwide. Avolon Holdings was formed in 2010 and is based in Dublin. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 74.5B USD |
| Size | Mega |
| Type | Sector Agnostic |
Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.
| DEAL STATS | # |
|---|---|
| Overall | 153 of 217 |
| Sector (Aerospace) | 2 of 2 |
| Type (Add-on Acquisition) | 44 of 67 |
| Country (United Kingdom) | 48 of 59 |
| Year (2014) | 11 of 11 |
| Size (of disclosed) | 5 of 73 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-11-13 |
Cogent Healthcare
Brentwood, Tennessee, United States Cogent Healthcare, Inc. is a provider of private hospitalist and intensivist services. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-01-01 |
Vivarte SAS
Paris, France Vivarte is the #1 footwear and clothing retailer in France with an extensive portfolio of brands (including La Halle aux Chaussures, Chaussland, André, San Marina, Minelli in the shoe sector and La Halle, Kookaï, Liberto, Caroll in clothing). The company has a very strong position in the "value for money" segment of the market and is also active in Spain and Switzerland. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| Size | Small |
| Type | Sector Focused |
Aerostar Capital is a specialist private investment firm focused on companies that sell products and services to commercial aviation, defense, government and satellite entities. Prospective businesses typically have revenues greater than $100 million, as well as 'good cash flow, solid relations with a diverse set of global customers, a clearly focused and competitively sustainable growth strategy, and a strong and committed management team'. Non-core divestitures are of particular interest. The Firm's investment horizon is generally 3 to 7 years. Aerostar Capital was formed in 1997 and is based in Wilson, Wyoming.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector (Aerospace) | 1 of 2 |
| Type (Add-on Acquisition) | 1 of 1 |
| Country (United Kingdom) | 1 of 1 |
| Year (2014) | 2 of 2 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-16 |
HDT Global
Solon, Ohio, United States HDT Global is a provider of highly engineered solutions for branches of the US military, international governments, and commercial customers. HDT holds a portfolio of products aimed at creating and controlling environmental conditions to protect and optimize the functioning of critical equipment and personnel. Its innovative products include rapidly deployable shelters, sophisticated environmental control, and power equipment, and nuclear, biological, and chemical protection systems. HDT Global was founded in 1937 and is based in Solon, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-09 |
Wesco Aircraft Holdings
Valencia, California, United States Wesco Aircraft Holdings, Inc. is a distributor and provider of comprehensive supply chain management solutions to the global aerospace industry and other industrial market segments. Wesco Aircraft services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery, chemical management services, third-party logistics or fourth-party logistics and point-of-use inventory management. Wesco Aircraft Holdings, Inc. was founded in 1953 and is headquartered in Valencia, California. |
Sell | $1.9B |
