M&A Deal Summary

The Carlyle Group Acquires AxleTech International Holdings

On January 6, 2015, private equity firm The Carlyle Group acquired automotive company AxleTech International Holdings from General Dynamics

Acquisition Highlights
  • This is The Carlyle Group’s 15th transaction in the Automotive sector.
  • This is The Carlyle Group’s 264th transaction in the United States.
  • This is The Carlyle Group’s 4th transaction in Wisconsin.
Investment Fate
  • AxleTech International Holdings was sold to a publicly-traded strategic buyer in 2019 for 175M USD.

M&A Deal Summary

Date 2015-01-06
Target AxleTech International Holdings
Sector Automotive
Buyer(s) The Carlyle Group
Sellers(s) General Dynamics
Deal Type Divestiture

Target

AxleTech International Holdings

Oshkosh, Wisconsin, United States
website
AxleTech is a manufacturer and supplier of axles, axle components, planetary axles, brakes, and aftermarket parts for commercial specialty trucks, military vehicles, and off-highway machines used in construction, material handling, forestry, mining, and agricultural markets.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 513 of 695
Sector (Automotive) 15 of 15
Type (Divestiture) 50 of 71
State (Wisconsin) 4 of 4
Country (United States) 264 of 336
Year (2015) 2 of 40
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 PIB Group

London, United Kingdom

PIB Group is an insurance intermediary group aiming to create a leading position in the provision of specialist insurance solutions across the UK market. PIB Group was founded in 2015 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-19 Global Jet Capital

Boca Raton, Florida, United States

Global Jet Capital is a financial services company providing financing solutions for the private aircraft market. The company offer a management team with expertise in financing, asset management, acquisition, marketing, lease administration and product support that understands the intricacies of the private aircraft market. Global Jet Capital was founded in 2014 and is based in Boca Raton, Florida.

Buy -

Seller(S) 1

SELLER

General Dynamics

Falls Church, Virginia, United States

website


Category Company
Founded 1952
Sector Defense
Employees103,000
Revenue 38.5B USD (2021)
DESCRIPTION
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.
General Dynamics' Ordnance and Tactical Systems unit located in St. Petersburg, Florida.

General Dynamics is an aerospace and defense company. It manufacturers business jets as well as provides combat systems to the US military. General Dynamics was founded in 1952 and is based in Falls Church, Virginia.


DEAL STATS #
Overall 5 of 6
Sector (Automotive) 1 of 1
Type (Divestiture) 4 of 5
State (Wisconsin) 1 of 1
Country (United States) 5 of 6
Year (2015) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Applied Physical Sciences

Groton, Connecticut, United States

Applied Physical Sciences offers research, development, engineering and prototyping services to government and commercial customers in the areas of acoustics, signal processing, marine hydrodynamics and electromagnetics. It is an industry leader in the fields of directional underwater transducers, maritime and ISR (intelligence, surveillance and reconnaissance) sensing and communication systems, and special purpose underwater devices for government laboratories, universities and industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-14 Fidelis Cybersecurity

Bethesda, Maryland, United States

Fidelis Cybersecurity is a provider of threat detection, hunting, and response solutions. Fidelis combats the full spectrum of cybercrime, data theft, and espionage by providing full visibility across hybrid cloud / on-prem environments, automating threat and data theft detection, empowering threat hunting and optimizing incident response with context, speed, and accuracy.

Sell -