Divestiture • Manufacturing

AEA Investors Acquires Ascential Technologies

On August 1, 2022, private equity firm AEA Investors acquired manufacturer Ascential Technologies from Everbright

Acquisition Context
  • This is AEA Investors’ 9th transaction in the Manufacturing sector.
  • This is AEA Investors’ 97th transaction in the United States.
  • This is AEA Investors’ 9th transaction in California.

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M&A Deal Summary

Date August 1, 2022
Target Ascential Technologies
Sector Manufacturing
Buyer(s) AEA Investors
Sellers(s) Everbright
Deal Type Divestiture

Target Company

Ascential Technologies

San Diego, California, United States
Ascential Technologies is a provider of automotive, advanced manufacturing, and life science markets, maintaining more than 30 locations in Europe, Asia, and the Americas. Ascential Technologies is based in San Diego, California.
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Buyer Overview 1

Buyer

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


Deal Context for Buyer #
Overall 110 of 121
Sector: Manufacturing 9 of 10
Type: Divestiture 7 of 8
State: California 9 of 9
Country: United States 97 of 106
Year: 2022 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 Bespoke Partners

San Diego, California, United States

Bespoke Partners is a firm focused exclusively on executive recruiting and leadership advisory services for private equity-backed enterprise software companies. Bespoke Partners has offices in San Diego, Austin, and Philadelphia and provides human capital services spanning the deal cycle from due diligence to leadership build-out to exit readiness. Bespoke Partners is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-04 Worldwide Electric

Rochester, New York, United States

WorldWide Electric designs, engineers, and distributes company-branded as well as third party-branded electric motors, motor controls, and gear reducers and has developed a highly proficient sales & marketing team, strong engineering, and product development capabilities. The company sells to a diversified customer base of over 4,000 integrators, OEMs, and distributors serving a wide array of industrial end-markets. WorldWide Electric was founded in 1998 and is based in Rochester, New York.

Buy -

Seller Profile 1

SELLER

Everbright

Hong Kong, China

Category Company
Founded 1972
Sector Financial Services
Employees242
Revenue 5.5B HKD (2024)
DESCRIPTION

Everbright provides financial services. Everbright was incorporated in 1972 and is based in Hong Kong, China.


Deal Context for Seller #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2022 1 of 1