Divestiture • Aerospace

Advent International Acquires Coherent - Aerospace and Defense business

On August 13, 2025, private equity firm Advent International acquired aerospace company Coherent - Aerospace and Defense business from Coherent for 400M USD

Acquisition Context
  • This is Advent International’s 2nd transaction in the Aerospace sector.
  • This is Advent International’s 35th largest (disclosed) transaction.
  • This is Advent International’s 104th transaction in the United States.
  • This is Advent International’s 4th transaction in Pennsylvania.

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M&A Deal Summary

Date August 13, 2025
Target Coherent - Aerospace and Defense business
Sector Aerospace
Buyer(s) Advent International
Sellers(s) Coherent
Deal Type Divestiture
Deal Value 400M USD

Target Company

Coherent - Aerospace and Defense business

Saxonburg, Pennsylvania, United States
Coherent’s Aerospace and Defense designs and manufactures optical and laser systems for defense applications. Coherent’s Aerospace and Defense is based in Saxonburg, Pennsylvania.
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Buyer Overview 1

Buyer

Advent International

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 91.0B 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 Context for Buyer #
Overall 350 of 353
Sector: Aerospace 2 of 2
Type: Divestiture 35 of 35
State: Pennsylvania 4 of 4
Country: United States 104 of 106
Year: 2025 9 of 12
Size (of disclosed) 35 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-13 Sapiens

Holon, Israel

Sapiens is a provider of software solutions for the insurance industry, with a focus on the broader financial services sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. Sapiens was founded in 1982 and is based in Holon, Israel.

Buy $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-25 PatientPoint

Cincinnati, Ohio, United States

PatientPoint is a provider of patient and physician engagement IT solutions at the point of care. PatientPoint programs provide engaging content through a host of delivery channels including digital waiting room screens in physician offices and hospitals and interactive touchscreens in the exam room. Unlike most of its competitors, PatientPoint develops the majority of its content internally, tailoring education to specific specialties to ensure that it meets the unique needs of patients and providers in the point-of-care environment. PatientPoint was founded in 1987 and is based in Cincinnati, Ohio.

Buy -

Seller Profile 1

SELLER

Coherent

Saxonburg, Pennsylvania, United States

Category Company
Founded 1971
Sector Test/Measurement Equipment
Employees26,157
Revenue 4.7B USD (2024)
DESCRIPTION

Coherent provides engineered materials and optoelectronic components and is a vertically integrated manufacturing company that develops innovative products for diversified applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. Coherent was founded in 1971 and is based in Saxonburg, Pennsylvania.


Deal Context for Seller #
Overall 1 of 2
Sector: Aerospace 1 of 1
Type: Divestiture 1 of 2
State: Pennsylvania 1 of 1
Country: United States 1 of 2
Year: 2025 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Coherent

Santa Clara, California, United States

Coherent is a supplier of photonics-based solutions for a broad range of commercial and scientific research applications. Coherent designs, manufactures, services, and markets lasers and related accessories for a diverse group of customers. Coherent was formed in 1966 and is based in Santa Clara, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-31 Coherent s Materials Processing Tools Product Division

Munich, United States

Coherent's Materials Processing Tools Product Division provides laser‑based tools and systems for industrial materials processing and is based in Munich, Germany.

Sell -