Secondary Buyout • Aerospace

Bridgepoint Acquires SK AeroSafety Group

On July 20, 2023, private equity firm Bridgepoint acquired aerospace company SK AeroSafety Group from Levine Leichtman Capital Partners

Acquisition Context
  • This is Bridgepoint’s 4th transaction in the Aerospace sector.
  • This is Bridgepoint’s 75th transaction in the United Kingdom.

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M&A Deal Summary

Date July 20, 2023
Target SK AeroSafety Group
Sector Aerospace
Buyer(s) Bridgepoint
Sellers(s) Levine Leichtman Capital Partners
Deal Type Secondary Buyout

Target Company

SK AeroSafety Group

Wokingham, United Kingdom
SK AeroSafety Group specializes in the inspection, testing, maintenance and repair of critical passenger safety equipment found on all commercial and private aircraft worldwide. Examples of equipment serviced by the Company include life vests, fire extinguishers, oxygen masks, oxygen cylinders, evacuation slides, and life rafts. SK AeroSafety supports a diversified and global customer base of over 700 airlines, component service providers, maintenance and repair organizations (MRO) and OEMs, and has locations in The Netherlands, United Kingdom, United States, Malaysia, and Dubai. SK AeroSafety Group was founded in 2011 and is based in Wokingham, United Kingdom.
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Buyer Overview 1

Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


Deal Context for Buyer #
Overall 170 of 188
Sector: Aerospace 4 of 5
Type: Secondary Buyout 67 of 72
Country: United Kingdom 75 of 81
Year: 2023 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 DMC Power

Carson, California, United States

DMC Power designs and manufactures the highest quality connection systems for transmission, distribution, substation, and industrial projects. DMC Power is based in Carson, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-31 one.network

London, United Kingdom

one.network is a road traffic information software provider. one.network's cloud-based platform reduces traffic congestion and carbon emissions, improves journeys, enhances safety around highway work zones, enables cooperation between agencies and transforms operational efficiency for traffic operations teams. Elgin was founded in 2011 and is based in London, United Kingdom.

Sell -

Seller Profile 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


Deal Context for Seller #
Overall 54 of 59
Sector: Aerospace 2 of 2
Type: Secondary Buyout 28 of 32
Country: United Kingdom 3 of 3
Year: 2023 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 SEV Laser

Glendale, California, United States

SEV Laser is a manager and operator of med spas that provide laser hair removal, injectables, body contouring, and other medical aesthetic services. SEV Laser was founded in 2010 and is based in Glendale, 91202, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Smith System

Arlington, Texas, United States

Smith System is a provider of accident avoidance driver training for vehicle fleets. Smith’s customers, many of whom are Fortune 500 companies, represent diverse end markets from logistics to pharmaceuticals. Smith System was formed in 1952 and is based in Arlington, Texas.

Sell -