M&A Deal Summary

Luna Acquires Silixa

On December 21, 2023, Luna acquired electronics company Silixa from Lime Rock Partners for 22M USD

Acquisition Highlights
  • This is Luna’s 1st transaction in the Electronics sector.
  • This is Luna’s 3rd largest (disclosed) transaction.
  • This is Luna’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2023-12-21
Target Silixa
Sector Electronics
Buyer(s) Luna
Sellers(s) Lime Rock Partners
Deal Type Add-on Acquisition
Deal Value 22M USD
Advisor(s) PwC Corporate Finance LLC (Financial)
Addleshaw Goddard (Legal)

Target

Silixa

Hertfordshire, United Kingdom
Silixa is an independent provider of distributed fiber optic sensing solutions, offering an unrivalled technical portfolio of end-to-end solutions that enable temperature, strain and acoustic measurements at the highest fidelity in even the most hostile settings. Silixa is based in Hertfordshire, United Kingdom.

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Buyer(S) 1

Buyer

Luna

Roanoke, Virginia, United States

Category Company
Founded 1990
Sector Test/Measurement Equipment
Employees385
Revenue 83M USD (2020)
DESCRIPTION

Luna is an optical technology, providing unique capabilities in high speed optoelectronics and high performance fiber optic test products for the telecommunications industry and distributed fiber optic sensing for the aerospace and automotive industries. Luna was founded in 1990 and is based in Roanoke, Virginia.


DEAL STATS #
Overall 6 of 6
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 4 of 4
Country (United Kingdom) 2 of 2
Year (2023) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Luna Labs USA

Charlottesville, Virginia, United States

Luna Labs USA is a technology resource for aerospace, energy, automotive, health sciences, first responders, telecommunications, and defense. Luna Labs USA is based in Charlottesville, Virginia.

Sell $21M

Seller(S) 1

SELLER

Lime Rock Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 8.9B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lime Rock Partners is a private investment firm focused on growth capital investments in the energy industry. Specifically, Lime Rock looks for companies engaged in exploration & production, energy service, and oil service technology in North America and Europe. Lime Rock's target investment size is $50 to $150 million in businesses valued up to $500 million. Lime Rock Partners was formed in 1998 and is affiliated with Lime Rock Resources. Lime Rock Partners has offices in Westport, Connecticut; Aberdeen, Scotland; and Houston, Texas.


DEAL STATS #
Overall 57 of 57
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 24 of 24
Country (United Kingdom) 10 of 10
Year (2023) 3 of 3
Size (of disclosed) 15 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 CrownRock

Midland, Texas, United States

CrownRock is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties. CrownRock operations are primarily focused on the development of its core Permian Basin assets. CrownRock was founded in 2007 and is based in Midland, Texas.

Sell $12.0B