M&A Deal Summary

Saab Acquires Sensis

On June 29, 2011, Saab acquired aerospace company Sensis from Needham Capital Partners and Dolphin Equity Partners for 155M USD

Acquisition Highlights
  • This is Saab’s 4th transaction in the Aerospace sector.
  • This is Saab’s largest (disclosed) transaction.
  • This is Saab’s 1st transaction in the United States.
  • This is Saab’s 1st transaction in New York.

M&A Deal Summary
Date 2011-06-29
Target Sensis
Sector Aerospace
Buyer(s) Saab
Sellers(s) Needham Capital Partners
Dolphin Equity Partners
Deal Type Add-on Acquisition
Deal Value 155M USD

Target

Sensis

Syracuse, New York, United States
website
Sensis Corp. is a provider of air defense, air traffic control, airline and airport operations management, and data integration and distribution.

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Buyer(S) 1

Buyer

Saab

Stockholm, Sweden

website

Category Company
Founded 1937
Sector Defense
Employees18,098
Revenue 35.4B USD (2020)
DESCRIPTION

Saab is a supplier of high-performing and cost-effective missile systems and components for air, land and naval operations. The strong product portfolio includes air defense system RBS 70, and the latest generation RBS 70 NG, NLAW anti-tank system and RBS15 anti-ship missile system. Saab was founded in 1937 and is based in Stockholm, Sweden.

DEAL STATS #
Overall 5 of 13
Sector (Aerospace) 4 of 5
Type (Add-on Acquisition) 5 of 10
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Combitech CSE AB

Linkoping, Sweden

Combitech CSE AB is a provider of components for airplanes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-12 Täby Displayteknik AB

Sweden

Täby Displayteknik AB is a developer of simulator solutions.

Buy -

Seller(S) 2

SELLER

Needham Capital Partners

New York, New York, United States

Category Private Equity Firm
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Needham Capital Partners is the private equity affiliate of mid-market investment bank Needham & Company. Needham Capital targets investments in clean technology, communications, consumer, financial services, healthcare, semiconductor, enterprise software/storage, networking, and industrial service companies. The Firm prefers to act as the lead investor and has a target investment size of $2 to $10 million. Investment proceeds are typically used to finance growth, or fund management buyouts/recapitalizations. Prospective companies are generally located in the US. Needham Capital Partners is based in New York City, with additional offices in Boston, Menlo Park, and San Francisco.

DEAL STATS #
Overall 49 of 55
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 27 of 31
State (New York) 1 of 1
Country (United States) 48 of 54
Year (2011) 2 of 4
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-02 Neophotonics

San Jose, California, United States

Neophotonics is a designer and manufacturer of hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive, high-speed communications networks. Neophotonics was founded in 1996 and is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-28 Southwall Technologies

Palo Alto, California, United States

Southwall Technologies, Inc. Designs and produces thin-film coatings on plastic sheets that selectively absorb, reflect, or transmit heat and light.

Sell $114M
SELLER

Dolphin Equity Partners

New York, New York, United States

website

Category Private Equity Firm
Founded 1998
PE ASSETS 340M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Dolphin Equity Partners is a specialist private equity firm focused on investing in technology-enabled service based companies. Specific areas of interest include software as a service, on demand software, mobile-enabled technology, communication services, and new media/internet. Dolphin looks for investment candidates operating primarily in North America and the UK. Dolphin prefers to invest in companies in need of expansion capital but will also consider early-stage businesses, recapitalizations, and buyouts. Dolphin Equity Partners was formed in 1998 and is based in New York City.Dolphin Equity Partners discontinued operations in 2012.

DEAL STATS #
Overall 8 of 11
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (New York) 1 of 1
Country (United States) 8 of 11
Year (2011) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-05 Overtone

San Francisco, California, United States

Continuous brand monitoring and engagement firm.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-28 Telwares

Parsippany, New Jersey, United States

Telwares is a provider of consultancy providing network cost optimization and transformation services.

Sell -
Mergr

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