M&A Deal Summary

China Aviation Industry General Aircraft Acquires Cirrus

On June 1, 2011, China Aviation Industry General Aircraft acquired aerospace company Cirrus from Arcapita

Acquisition Highlights
  • This is China Aviation Industry General Aircraft’s 1st transaction in the Aerospace sector.
  • This is China Aviation Industry General Aircraft’s 1st transaction in the United States.
  • This is China Aviation Industry General Aircraft’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2011-06-01
Target Cirrus
Sector Aerospace
Buyer(s) China Aviation Industry General Aircraft
Sellers(s) Arcapita
Deal Type Add-on Acquisition

Target

Cirrus

Duluth, Minnesota, United States
Cirrus' corporate headquarters in Duluth, Minnesota.
Cirrus' corporate headquarters in Duluth, Minnesota.
Cirrus is the second largest manufacturer of single-engine, piston-powered, general aviation aircraft in the world.

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Buyer(S) 1

Buyer

China Aviation Industry General Aircraft

Zhuhai, China

Category Company
Sector Aerospace
DESCRIPTION

China Aviation Industry General Aircraft Co., Ltd. owns very light business jets and turboprops.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

Arcapita

Manama, Bahrain

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1997
Size Mega
Type Sector Agnostic
DESCRIPTION

Arcapita is a private investment firm with separate investment disciplines spanning venture capital, corporate investment, real estate, and asset-based investments. Arcapita's Corporate Investment practice looks to acquire controlling interests in established companies valued between $50 million and $500 million. Sectors of interest include consumer products/services, healthcare, energy, technology, and manufacturing. Arcapita's infrastructure team looks to invest $50 to $300 million in energy, water, and transportation assets. The Firm will consider opportunities around the globe; including the United States, Latin America, Russia, China, Europe, Middle-East, and India. Arcapita was formed 1997 and has offices in Manama, Bahrain; Atlanta, Georgia; London; and Singapore.


DEAL STATS #
Overall 14 of 33
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 11 of 16
State (Minnesota) 2 of 2
Country (United States) 12 of 23
Year (2011) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-11 Cypress Communications

Atlanta, Georgia, United States

Cypress Communications is an on-demand communication solution provider in 29 major metropolitan U.S. markets, connecting more than 120,000 employees for over 8,500 small and mid-sized businesses in commercial office buildings.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-10 VGC

St. Aubin, France

VGC S.A. is a leading retailer and wholesaler of kitchens and bathrooms in France.

Sell -