M&A Deal Summary

AGIC Capital Acquires Farsound Aviation

On July 15, 2019, private equity firm AGIC Capital acquired aerospace company Farsound Aviation from Rubicon Partners for 115M GBP

Acquisition Highlights
  • This is AGIC Capital’s 1st transaction in the Aerospace sector.
  • This is AGIC Capital’s largest (disclosed) transaction.
  • This is AGIC Capital’s 1st transaction in the United Kingdom.
Investment Fate
  • Farsound Aviation was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2019-07-15
Target Farsound Aviation
Sector Aerospace
Buyer(s) AGIC Capital
Sellers(s) Rubicon Partners
Deal Type Secondary Buyout
Deal Value 115M GBP

Target

Farsound Aviation

Brentwood, United Kingdom
Farsound Aviation is an aerospace parts distributor focusing on C-Class, B-Class, and other fast-moving consumable parts to the aerospace sector. Alongside long-term sourcing agreements, Farsound also provides value-added services such as kitting and customer consignment. Farsound Aviation was founded in 1986 and is based in Brentwood, United Kingdom.

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Buyer(S) 1

Buyer

AGIC Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

AGIC Capital (aka Asia Germany Industrial Promotion Capital) is a private equity group focused on industrial and medical technology investments in Europe. The Firm's specific areas of interest include (1) intelligent production, (2) high-end systems and components, (3) advanced materials, (4) medical equipment, and (5) environmental protection technologies. AGIC Capital was formed in 2015 and has offices in Shanghai, Hong Kong, Beijing, London, and Munich.


DEAL STATS #
Overall 5 of 12
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 4 of 6
Country (United Kingdom) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 Gimatic Srl

Roncadelle, Italy

Gimatic Srl is an end-of-arm tools manufacturer, providing a complete offering of pneumatic gripper solutions (grippers, actuators, linear guides and quick exchangers), mechatronic solutions, and various sensors for automation and grippers to the automotive, packaging, food and beverage, plastics, medical and pharmaceutical industries. Gimatic Srl is headquartered in Roncadelle, Italy.

Sell €370M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Pibond

Espoo, Finland

Pibond provides lithography materials such as SiBARC, SOC and spin-on-dielectrics for EUV and advanced nodes in semiconductors manufacturing. Pibond was founded in 2014 and is based in Espoo, Finland.

Buy -

Seller(S) 1

SELLER

Rubicon Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Rubicon Partners is a large private equity firm focused on acquiring industrial service and products businesses. The Firm targets business valued from £15 to £250 million and has a special interest in situations with transactional or operational complexity. Specific areas of interest include aerospace, construction, machinery, construction, building products, automotive, energy/power, industrial services, and specialty distribution. Prospective transaction situations include carve-outs, successions, and other special situations. Rubicon Partners was formed in 1993 and is based in London.


DEAL STATS #
Overall 5 of 10
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 1 of 2
Country (United Kingdom) 4 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 Park Sheet Metal

Warwickshire, United Kingdom

Park Sheet Metal is a manufacturer of complex sheet metal components for the niche automotive sector. PSM supports its customers’ demands for prototype tooling and assemblies and low volume production of body-in-white components. Park Sheet Metal was founded in 1947 and is based in Warwickshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Stylex Auto Products

North Lincolnshire, United Kingdom

Stylex Auto Products specializes in the design, engineering and manufacture of a wide range of complex trim solutions. The company also provides a valuable cut and convert service to the automotive and other technically demanding sectors. Stylex Auto Products was founded in 1978 and is based in North Lincolnshire, United Kingdom.

Sell -