M&A Deal Summary

CVC Capital Partners Acquires Ontic

On July 30, 2019, private equity firm CVC Capital Partners acquired aerospace company Ontic from Signature Aviation for 1.4B USD

Acquisition Highlights
  • This is CVC Capital Partners’ 2nd transaction in the Aerospace sector.
  • This is CVC Capital Partners’ 24th largest (disclosed) transaction.
  • This is CVC Capital Partners’ 34th transaction in the United States.
  • This is CVC Capital Partners’ 5th transaction in California.

M&A Deal Summary

Date 2019-07-30
Target Ontic
Sector Aerospace
Buyer(s) CVC Capital Partners
Sellers(s) Signature Aviation
Deal Type Divestiture
Deal Value 1.4B USD

Target

Ontic

Chatsworth, California, United States
Ontic is a provider of high-quality, OEM-licensed parts for legacy aerospace platforms. Ontic was founded in 1974 and is based in Chatsworth, California.

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Buyer(S) 1

Buyer

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 244 of 323
Sector (Aerospace) 2 of 2
Type (Divestiture) 29 of 39
State (California) 5 of 6
Country (United States) 34 of 44
Year (2019) 8 of 13
Size (of disclosed) 24 of 56
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-12 Syntegon

Waiblingen, Germany

Syntegon is a supplier of process and packaging technology that develops and produces complete solutions for the pharmaceuticals, food, and confectionery industries. These solutions are complemented by a comprehensive after-sales service portfolio. A global service and sales network provides customers with local points of contact. Syntegon is based in Waiblingen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-02 Multiversity

Campania, Italy

Multiversity is the owner of Italy's largest online university Universitá Telematica Pegaso, as well as Mercatorum University. Pegaso is the largest online university in Italy, offering courses to around 80,000 undergraduate and post-graduate students across more than 70 exam venues. Pegaso's innovative online platform offers a range of programs for the under-served further education market, including bachelor and master degrees, post-graduate masters and single courses. Multiversity was founded in 2006 and is based in Campania, Italy.

Buy -

Seller(S) 1

SELLER

Signature Aviation

London, United Kingdom

Category Company
Founded 1879
Sector Aerospace
Employees6,469
Revenue 2.3B GBP (2019)
DESCRIPTION

Signature Aviation is a provider of global aviation support services focused on flight support services and the aviation aftermarket, primarily in the business and general aviation sector. Signature Aviation was founded in 1879 and is based in London, the United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector (Aerospace) 1 of 1
Type (Divestiture) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-16 ASIG Holdings

Orlando, Florida, United States

ASIG Holdings Corp. is one of the largest independent providers of commercial airline services in the world. Headquartered in Orlando, Florida, it currently has operations in 88 locations across seven countries and is one of the market leaders for into plane ("ITP") fuelling and fuel farm management ("FFM") services in North America and the UK, where it also has ground handling operations in high-traffic airports as well as small and medium sized airports.

Sell $202M