M&A Deal Summary

Advent International Acquires Cobham

On January 22, 2020, private equity firm Advent International acquired defense company Cobham for 4.0B GBP

Acquisition Highlights
  • This is Advent International’s 1st transaction in the Defense sector.
  • This is Advent International’s 3rd largest (disclosed) transaction.
  • This is Advent International’s 34th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-01-22
Target Cobham
Sector Defense
Buyer(s) Advent International
Deal Type Going Private
Deal Value 4.0B GBP

Target

Cobham

Dorset, United Kingdom
Cobham offers various technologies and services for commercial, defense, and security markets worldwide. The company operates in four segments: Cobham Aerospace and Security, Cobham Defense Systems, Cobham Mission Systems, and Cobham Aviation Services. Cobham was founded in 1934 and is based in Dorset, United Kingdom.

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Buyer(S) 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 76.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Advent is a global private equity firm that targets investments in North America, Europe, Asia, and Latin America. Advent's emerging market efforts are concentrated in Central Europe and Latin America. Advent seeks transactions valued between $50 million and $5 billion and can commit up to $2 billion of equity capital per investment. Broad areas of interest include business & financial services, retail & consumer, technology, media, & telecoms, healthcare & life sciences, and industrial. Prospective transaction types include buyouts, growth capital financings, take privates, and recapitalizations. Advent was formed in 1984 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 282 of 339
Sector (Defense) 1 of 1
Type (Going Private) 14 of 19
Country (United Kingdom) 34 of 36
Year (2020) 1 of 15
Size (of disclosed) 3 of 47
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Olaplex

Santa Barbara, California, United States

Olaplex is a prestigious and professional haircare brand that offers a combination of products exclusive to salons and products available through both the professional and retail channels. Olaplex was founded in 2014 and is based in Santa Barbara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-06 ForeScout

San Jose, California, United States

ForeScout is a cybersecurity company focused on device visibility and control. ForeScout delivers device visibility and control to enable enterprises and government agencies to gain complete situational awareness of their environment and orchestrate action. ForeScout Technologies was founded in 2000 and is based in San Jose, California.

Buy $1.9B