M&A Deal Summary

Harbert Private Capital and Fidus Investment Acquire Flight Display Systems

On November 14, 2014, private equity firm Harbert Private Capital and business development company Fidus Investment acquired aerospace company Flight Display Systems

Acquisition Highlights
  • This is Harbert Private Capital’s 1st and Fidus Investment’s 1st transaction in the Aerospace sector.
  • This is Harbert Private Capital’s 44th and Fidus Investment’s 3rd transaction in the United States.
  • This is Harbert Private Capital’s 8th and Fidus Investment’s 1st transaction in Georgia.
Investment Fate
  • Flight Display Systems merged with another company in 2021.

M&A Deal Summary

Date 2014-11-14
Target Flight Display Systems
Sector Aerospace
Buyer(s) Harbert Private Capital
Fidus Investment
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) VRA Partners (Financial)
Wyatt Tarrant & Combs (Legal)

Target

Flight Display Systems

Alpharetta, Georgia, United States
Flight Display Systems is a designer, developer, and light manufacturer of avionics focusing on cabin electronics for business and commercial aircraft and ruggedized special mission monitors and other retrofit solutions for military aircraft. Flight Display Systems was formed in 2001 and is based in Alpharetta, Georgia.

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Buyer(S) 2

Buyer

Harbert Private Capital

Birmingham, Alabama, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 4.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harbert Private Equity and Mezzanine is a private equity arm of Harbert Management Corp. The Private Equity group targets leveraged buyouts, recapitalizations, expansion capital investments, and distressed situations. The firm targets opportunities across a range of industries and typical transactions have enterprise values between A$10 and A$100 million. The Mezzanine Capital group seeks subordinated debt investments and can commit $3 to $15 million per transaction. . Harbert Management Corporation was formed in 1985 and has offices in Birmingham, Alabama; New York, New York; Nashville, Tennessee; Richmond, Virginia; London; Madrid; Paris; and Melbourne.


DEAL STATS #
Overall 49 of 59
Sector: Aerospace M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 29 of 29
State: Georgia M&A 8 of 9
Country: United States M&A 44 of 53
Year: 2014 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-30 Dermatology Associates of Tyler

Tyler, Texas, United States

Dermatology Associates of Tyler is a provider of dermatological services in the Eastern Texas region.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Sunbelt Chemicals

Palm Coast, Florida, United States

Sunbelt Chemicals is a manufacturer of high quality chemical products and supplier of pool chemicals, industrial and household cleaners, surface treatment products as well as a wide array of automotive and specialty marine products.

Sell -
DESCRIPTION

Fidus Investment Corp. is a business development company that looks to provide financing solutions for small to mid-sized companies with $10 to $150 million in revenue. Fidus looks to invest mezzanine debt, senior secured debt and equity in businesses with proven business models, leading market positions, high free cash flow, and strong management teams. Industries of interest include business services, industrial products, value-added distribution, healthcare products/services, consumer products, consumer services, aerospace/defense, energy services, transportation, government IT, and niche manufacturing. Fidus Investment Corp. is based in Evanston, Illinois.


DEAL STATS #
Overall 3 of 17
Sector: Aerospace M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 5
State: Georgia M&A 1 of 1
Country: United States M&A 3 of 17
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-11 Hoonuit

Minneapolis, Minnesota, United States

Hoonuit LLC provides educators with the tools needed to make informed, impactful action. Through solutions that provide intuitive analytics and personalized professional development, Hoonuit fuels teacher, staff and student success. Hoonuit LLC was founded in 2000 and is based in Minneapolis, Minnesota.

Buy $19M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Inflexxion

Newton, Massachusetts, United States

Inflexxion, Inc. is a healthcare information provider with proprietary SaaS products. The company gathers patient data at addiction, behavioral health and chronic pain treatment centers to produce patient analytics, which provides critical information on drug product usage and risks to its pharmaceutical clients. Inflexxion was founded in 1989 and is based in Newton, Massachusetts.

Buy -