1. Home >
  2. M&A >
  3. Going Private >
  4. United States >
  5. Florida >
  6. Cerberus Capital Management Acquires Sparton

M&A Deal Summary

Cerberus Capital Management Acquires Sparton

On December 12, 2018, asset manager Cerberus Capital Management acquired manufacturer Sparton

Acquisition Highlights
  • This is Cerberus Capital Management’s 2nd transaction in the Manufacturing sector.
  • This is Cerberus Capital Management’s 44th transaction in the United States.
  • This is Cerberus Capital Management’s 5th transaction in Florida.
Investment Fate
  • Sparton was sold to a strategic buyer in 2020 for 380M USD.

M&A Deal Summary
Date 2018-12-12
Target Sparton
Sector Manufacturing
Buyer(s) Cerberus Capital Management
Deal Type Going Private
Advisor(s) Wells Fargo Securities
Raymond James - Investment Banking (Financial)
Mayer Brown (Legal)

Target

Sparton

De Leon Springs, Florida, United States
Sparton Corp. is a provider of complex and sophisticated electromechanical devices with capabilities that include concept development, industrial design, design and manufacturing engineering, production, distribution, field service, and refurbishment. The primary markets served are Medical & Biotechnology, Military & Aerospace, and Industrial & Commercial. Sparton was founded in 1900 and is based in De Leon Springs, Florida.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Cerberus Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1992
PE ASSETS 55.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Cerberus Capital Management is a private investment firm that targets a wide range of global investments. Cerberus primarily looks for undervalued or distressed situations. Industry sectors of interest include aerospace and defense, apparel, automotive and industrial, building products, commercial services, consumer and retail, financial services, healthcare, manufacturing and distribution, paper, packaging, and printing, real estate, technology, telecommunications, transportation, and travel. In addition to private equity investing, Cerberus also provides corporate credit and acquires real estate. Cerberus was formed in 1992 by Steve Feinberg and is based in New York City.

DEAL STATS #
Overall 66 of 93
Sector: Manufacturing M&A 2 of 3
Type: Going Private M&A Deals 3 of 3
State: Florida M&A 5 of 7
Country: United States M&A 44 of 68
Year: 2018 M&A 11 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-03 ND Defense

Madison Heights, Michigan, United States

ND Defense is a tactical wheeled vehicle original equipment manufacturer serving the military, law enforcement, and government agencies worldwide. Navistar Defense provides a complete portfolio of both tactical and commercial off-the-shelf military vehicles, as well as custom-tailored lifecycle support solutions to a global customer base. ND Defense was founded in 2004 and is based in Madison Heights, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 New Avon

New York, New York, United States

New Avon LLC (Avon North America) is the social selling beauty company in North America, with independent sales Representatives throughout the United States, Puerto Rico, and Canada. Avon North America's portfolio includes award-winning skincare, color cosmetics, fragrance, personal care, and health and wellness products featuring brands such as ANEW, Avon True Color, Espira, and Skin So Soft, as well as fashion and accessories.

Sell $125M
Mergr

Solution for

Product

Company

Legal