M&A Deal Summary

Exelis Acquires Applied Kilovolts

On April 12, 2012, Exelis acquired electrical equipment company Applied Kilovolts from Private Investor Capital

Acquisition Highlights
  • This is Exelis’ 1st transaction in the Electrical Equipment sector.
  • This is Exelis’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2012-04-12
Target Applied Kilovolts
Sector Electrical Equipment
Buyer(s) Exelis
Sellers(s) Private Investor Capital
Deal Type Add-on Acquisition
Advisor(s) Livingstone Partners (Financial)

Target

Applied Kilovolts

West Sussex, United Kingdom
Applied Kilovolts Ltd., is a supplier of high voltage power supplies to scientific equipment manufacturers in the UK, Europe and the USA.

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Buyer(S) 1

Buyer

Exelis

McLean, Virginia, United States

Category Company
Founded 2011
Sector Information Technology
Employees17,200
Revenue 4.8B USD (2013)
DESCRIPTION

Exelis, Inc. is a global aerospace, defense and information solutions company. Exelis is a provider in positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems, and focused on strategic growth in the areas of critical networks, ISR and analytics, electronic warfare and composite aerostructures.


DEAL STATS #
Overall 2 of 6
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 5
Country: United Kingdom M&A 1 of 1
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-28 Condor Systems

Morgan Hill, California, United States

Condor Systems, Inc. is a defense electronics firm provides signals intelligence, electronic support measures, and specialized electronic countermeasures systems for the electronic warfare industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-02 Space Computer

Los Angeles, California, United States

Space Computer Corporation produces real time signal processing systems, software and algorithms for exploitation of hyperspectral sensor data.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Private Investor Capital Limited (which operates as Pi Capital) is an independent private equity group set-up as a network of peers that targets direct private equity investments as well as investments in private equity funds. The Group's direct investment area seeks to lead investments or will serve as a co-investor. Prospective transaction situations include management buyouts and consolidations where Pi can commit GBP2 to GBP10 million per transaction. Areas of interest include communications, manufacturing, business services, retail, consumer services, and gaming. Pi Capital is based in London.


DEAL STATS #
Overall 1 of 3
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 3
Year: 2012 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-04 Intelsat

Luxembourg, Luxembourg

Intelsat is a provider of fixed satellite services worldwide, delivering advanced transmission access for information and entertainment to some of the world’s leading media and network companies, multi-national corporations, internet service providers and governmental agencies. Intelsat was formed in 1965 and is based in Luxembourg.

Buy €12.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-01 Fitness First Group

Dorset, United Kingdom

Fitness First Group Ltd. is a health club operator in the world with over one million members and over 400 clubs in 15 countries.

Sell -