M&A Deal Summary

ECI Partners Acquires Kelvin Hughes

On November 9, 2007, private equity firm ECI Partners acquired technology hardware company Kelvin Hughes from Smiths Group for 52M GBP

Acquisition Highlights
  • This is ECI Partners’ 2nd transaction in the Technology Hardware sector.
  • This is ECI Partners’ 7th largest (disclosed) transaction.
  • This is ECI Partners’ 31st transaction in the United Kingdom.
Investment Fate
  • Kelvin Hughes was sold to a strategic buyer in 2017.

M&A Deal Summary

Date 2007-11-09
Target Kelvin Hughes
Sector Technology Hardware
Buyer(s) ECI Partners
Sellers(s) Smiths Group
Deal Type Divestiture
Deal Value 52M GBP
Advisor(s) Lincoln International (Financial)

Target

Kelvin Hughes

London, United Kingdom
Kelvin Hughes designs produce and market radar sensors mainly for maritime and security applications. Among Kelvin Hughes products is the SharpEye™ solid-state high-performance pulse-Doppler radar family as well as the CxEye™ Command and Control software that allows the integration of multiple radar and camera sensors into a comprehensive display package.

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Buyer(S) 1

Buyer

ECI Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 2.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

ECI Partners is a private equity firm focused on the smaller middle-market company that invests in growing businesses valued up to £300m. ECI looks for UK businesses or businesses with a substantial presence in the UK. Funds are generally used to support expansion, acquisitions, management buyouts, buy-ins, turnarounds, and refinancing. Target sectors include IT services, support services, Insurance, and SME services. ECI will not invest in early-stage companies. ECI Partners was formed in 1976 and has offices in London, Manchester, and New York.


DEAL STATS #
Overall 32 of 78
Sector: Technology Hardware M&A 2 of 2
Type: Divestiture M&A Deals 6 of 7
Country: United Kingdom M&A 31 of 73
Year: 2007 M&A 5 of 5
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-09 OneOcean

Enfield, United Kingdom

OneOcean is a distributor of navigational data charts, marine technical publications and digital products. OneOcean was founded in 1998 and is based in Enfield, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-01 AKW

Droitwich Spa, United Kingdom

AKW is a supplier of high-quality showering, daily living, sanitary ware, and kitchen solutions for inclusive living with 30 years of experience in the special needs market. AKW was founded in 1982 and is based in Droitwich Spa, United Kingdom.

Buy £85M

Seller(S) 1

SELLER

Smiths Group

London, United Kingdom

Category Company
Founded 1851
Sector Diversified
Employees15,750
Revenue 3.1B GBP (2024)
DESCRIPTION

Smiths Group is a provider of practical applications of advanced technologies. Smiths Group was founded in 1851 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 8
Sector: Technology Hardware M&A 1 of 1
Type: Divestiture M&A Deals 2 of 8
Country: United Kingdom M&A 2 of 4
Year: 2007 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-21 Medex

Hilliard, Ohio, United States

Medex, Inc. is a provider of system solutions for critical care medical products.

Buy $925M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-06 Indufil BV

Duiven, Netherlands

Engineering and assembly of industrial filtration systems to the petrochemical and power generation industry.

Buy -