M&A Deal Summary

HEICO Acquires Exxelia International

On July 28, 2022, HEICO acquired electrical equipment company Exxelia International from IK Partners for 453M EUR

Acquisition Highlights
  • This is HEICO’s 8th transaction in the Electrical Equipment sector.
  • This is HEICO’s largest (disclosed) transaction.
  • This is HEICO’s 2nd transaction in France.

M&A Deal Summary

Date 2022-07-28
Target Exxelia International
Sector Electrical Equipment
Buyer(s) HEICO
Sellers(s) IK Partners
Deal Type Add-on Acquisition
Deal Value 453M EUR

Target

Exxelia International

Paris, France
Exxelia International develops and manufactures complex passive components and electromechanical solutions for niche industrial markets such as aeronautics, space, defense, medical and rail, where product reliability and performance are essential. The Group serves institutional clients, systems and equipment manufacturers. Exxelia offers a complete and custom product range (capacitors, inductors, resistors, filters, position sensors, and rotary joints) embedded into a large number of programs including the Airbus A350 and Boeing 787 Dreamliner, the Ariane 6 launcher, satellite constellations (such as Galileo and Oneweb), the Rafale and F-35, subway coaches and high-speed trains and medical equipment such as MRI machines and defibrillators. EXXELIA was founded in 2009 and is based in Paris, France.

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Buyer(S) 1

Buyer

HEICO

Hollywood, Florida, United States

Category Company
Founded 1957
Sector Aerospace
Employees10,000
Revenue 3.9B USD (2024)
DESCRIPTION
HEICO's corporate headquarters in Hollywood, Florida.
HEICO's corporate headquarters in Hollywood, Florida.

HEICO is a manufacturer of FAA-approved jet engine and aircraft component replacement parts. HEICO is also a manufacturer of various types of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. HEICO was founded in 1957 and is based in Hollywood, Florida.


DEAL STATS #
Overall 45 of 53
Sector: Electrical Equipment M&A 8 of 9
Type: Add-on Acquisition M&A Deals 42 of 49
Country: France M&A 2 of 2
Year: 2022 M&A 4 of 6
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-19 Accurate Metal Machining

Painesville, Ohio, United States

Accurate Metal Machining is a manufacturer of high-reliability components and assemblies. Accurate's customers include large aerospace, defense, and semiconductor equipment subsystem suppliers. These customers operate in markets in which the cost of failure is very high, and as such, purchased components must be made to extremely high reliability and quality standards. Accurate is differentiated in this market by delivering high-quality parts, on-time, and at a competitive cost, and has many multi-decade customer relationships that attest to its capabilities. Accurate Metal Machining was formed in 1976 and is based in Painesville, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 Sensor

Chatsworth, California, United States

Sensor is a designer and manufacturer of airborne antennas for commercial and military applications. The company's products include, among others, Aircraft Direction Finding ("ADF"), Altimeter, Glideslope, Global Positioning System ("GPS"), L-Band, Marker Beacon, satellite communications, Total Collision Avoidance System ("TCAS"), Very High Frequency ("VHF") and Very High-Frequency Omni-directional Range ("VOR") antennas. Sensor was formed in 1961 and is based in Chatsworth, California.

Buy -

Seller(S) 1

SELLER

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 103 of 122
Sector: Electrical Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 39 of 44
Country: France M&A 20 of 27
Year: 2022 M&A 6 of 8
Size (of disclosed) 6 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-20 Linxis Group

Nantes, France

Linxis Group is a manufacturer of industrial equipment for the production of food, pharmaceutical, and cosmetic products. Linxis Group consists of six companies within their respective markets, designing, engineering, manufacturing, and installing equipment for food, cosmetics, and pharmaceutical production lines. Linxis Group was founded in 1988 and is based in Nantes, France.

Sell €572M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 Unither Pharmaceuticals

Amiens, France

Unither Pharmaceuticals is a developer and manufacturer of pharmaceuticals products. Unither operates six manufacturing sites in France, the United States, and Brazil, and has a dedicated research and development center in Europe. Unither Pharmaceuticals was founded in 1993 and is based in Amiens, France.

Buy -