M&A Deal Summary

KKR Acquires Hensoldt

On March 17, 2016, private equity firm KKR acquired semiconductors company Hensoldt from Airbus for 1.1B EUR

Acquisition Highlights
  • This is KKR’s 4th transaction in the Semiconductors sector.
  • This is KKR’s 61st largest (disclosed) transaction.
  • This is KKR’s 15th transaction in Germany.
Investment Fate
  • Hensoldt went public in 2020.
  • Hensoldt was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2016-03-17
Target Hensoldt
Sector Semiconductors
Buyer(s) KKR
Sellers(s) Airbus
Deal Type Divestiture
Deal Value 1.1B EUR

Target

Hensoldt

Taufkirchen, Germany
website
Hensoldt is a provider of sensors for security and surveillance missions. The company is a global player in such areas as missile warning systems and submarine periscopes. Moreover, Hensoldt is very active in the market for radar systems, optronics and electronic protection systems. Hensoldt was founded in 2020 and is based in Taufkirchen, Germany.

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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 202 of 428
Sector (Semiconductors) 4 of 5
Type (Divestiture) 25 of 49
Country (Germany) 15 of 22
Year (2016) 10 of 24
Size (of disclosed) 61 of 94
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-15 Spirox

Arlington, Virginia, United States

Spirox, Inc. is a medical device company that is focused on developing minimally invasive technologies that improve the quality of life for patients with nasal obstruction. Spirox is based in Arlington, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-25 Alliance Tire Group B.V.

Hadera, Israel

Alliance Tire Group B.V. is a Manufacture and sale of tires for agricultural, forestry, industrial, and construction machinery. ATG has developed a highly specialized business in the manufacture and sale of tires for agricultural, industrial, construction and forestry machinery. ATG sells radial and bias tires for the aforementioned types of vehicles in 120 countries around the world, with a focus on the North American and European markets.

Sell $1.2B

Seller(S) 1

SELLER

Airbus

Leiden, Netherlands

website


Category Company
Founded 1998
Sector Aerospace
Employees128,873
Revenue 52.1B EUR (2021)
DESCRIPTION
Airbus office in Herndon, Virginia.
Airbus office in Herndon, Virginia.

Airbus is a designer and manufacturer of commercial aircraft. Airbus' product line ranges from the single-aisle A320 Family to the double-deck A380. Airbus was founded in 1998 and is based in Leiden, the Netherlands.


DEAL STATS #
Overall 3 of 6
Sector (Semiconductors) 2 of 2
Type (Divestiture) 2 of 5
Country (Germany) 1 of 3
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 Navtech

Waterloo, Ontario, Canada

Navtech, Inc. is a provider of flight operations products (including electronic flight bag solutions, aeronautical charts and flight-planning services) to 400 aircraft operators.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-28 Airbus DS Communications

Temecula, California, United States

Plant Holdings, Inc. is a provider in North America of command center software for fielding emergency calls (911) and citizen emergency notification.

Sell -