M&A Deal Summary

BAE System Acquires Callen-Lenz

On May 2, 2024, BAE System acquired automotive company Callen-Lenz from Foresight Private Equity

Acquisition Highlights
  • This is BAE System’s 1st transaction in the Automotive sector.
  • This is BAE System’s 7th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-05-02
Target Callen-Lenz
Sector Automotive
Buyer(s) BAE System
Sellers(s) Foresight Private Equity
Deal Type Add-on Acquisition

Target

Callen-Lenz

Salisbury, United Kingdom
Callen-Lenz develops, designs and manufactures vehicles, components and software for Unmanned Aerial Vehicles. Callen-Lenz was founded in 2007 and is based in Salisbury, United Kingdom.

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Buyer(S) 1

Buyer

BAE System

Camberley, United Kingdom

Category Company
Founded 1970
Sector Defense
Employees107,400
Revenue 26.3B GBP (2024)
DESCRIPTION
BAE office in Reston, Virginia.
BAE office in Reston, Virginia.

BAE Systems is a provider of defense and security products and services. From sophisticated cyber services and military support, to mission critical electronic systems and protection equipment, BAE aims to be at the forefront of defense technology and science. BAE Systems was founded in 1970 and is headquartered in Camberley, England.


DEAL STATS #
Overall 28 of 28
Sector: Automotive M&A 1 of 1
Type: Add-on Acquisition M&A Deals 22 of 22
Country: United Kingdom M&A 7 of 7
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-02 Malloy Aeronautics

Maidenhead, United Kingdom

Malloy Aeronautics designs and supplies all-electric uncrewed aerial systems (UAS) to both civil and military customers. Their range of uncrewed, heavy-lift quadcopters are capable of lifting payloads from 68kg to 300kg over short to medium-range missions. Its platform offers interchangeable capabilities and greater flexibility at a fraction of the cost and time of more traditional methods, whilst minimizing risk to more expensive assets and human life.

Buy -

Seller(S) 1

SELLER

Foresight Private Equity

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 1.4B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Foresight Group LLP (Formerly VCF Partners)


DEAL STATS #
Overall 53 of 61
Sector: Automotive M&A 2 of 2
Type: Add-on Acquisition M&A Deals 31 of 34
Country: United Kingdom M&A 52 of 59
Year: 2024 M&A 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-11 UDP

Salford, United Kingdom

UDP is a provider of civil engineering and traffic management services, offers inspections, planning works, and project management of utilities, sewer connections, and highways and rail projects. UDP was founded in 1996 and is based in Salford, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-01 Crosstown Dough

London, United Kingdom

Crosstown Dough is a sweet treat brand offering a range of doughnuts, recently complemented by cookies and ice cream, with a growing vegan offering. Crosstown Dough was founded in 2014 and is based in London, United Kingdom, .

Sell -