M&A Deal Summary

J.F. Lehman & Company and BNPP Capital Partners Acquire BEI Precision

On May 4, 2017, private equity firm J.F. Lehman & Company and mezzanine finance firm BNPP Capital Partners acquired aerospace company BEI Precision

Acquisition Highlights
  • This is J.F. Lehman & Company’s 2nd and BNPP Capital Partners’ 1st transaction in the Aerospace sector.
  • This is J.F. Lehman & Company’s 27th and BNPP Capital Partners’ 3rd transaction in the United States.
  • This is J.F. Lehman & Company’s 1st and BNPP Capital Partners’ 1st transaction in Arkansas.
Investment Fate
  • BEI Precision was sold to a strategic buyer in 2021.

M&A Deal Summary

Date 2017-05-04
Target BEI Precision
Sector Aerospace
Buyer(s) J.F. Lehman & Company
BNPP Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) KippsDeSanto (Financial)

Target

BEI Precision

Maumelle, Arkansas, United States
BEI Precision engages in positioning sensor technologies, providing advanced design, manufacturing, and testing for reliable and resilient products and systems. BEI Precision's core product lines, which are used primarily in mission-critical defense and space applications, include optical encoder-based positioning systems, scanners for situational awareness requirements, and precision accelerometers. BEI Precision is based in Maumelle, Arkansas.

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Buyer(S) 2

Buyer

J.F. Lehman & Company

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 4.5B USD
Size Large
Type Sector Focused
DESCRIPTION

JF Lehman is a specialist private equity firm that targets investments in the defense, aerospace and maritime industries. JF Lehman looks for lower middle-market company opportunities with established products but that not may not be realizing their full potential. The Firm will only consider control based investment situations. J.F. Lehman was formed in 1992 and has offices in New York, London, and Washington DC.


DEAL STATS #
Overall 29 of 47
Sector: Aerospace M&A 2 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 13 of 19
State: Arkansas M&A 1 of 1
Country: United States M&A 27 of 42
Year: 2017 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Lake Shore Systems

Kingsford, Michigan, United States

Lake Shore Systems is a designer, engineer, manufacturer, and supporter of complex, heavy equipment systems to meet mission-critical requirements in harsh operating environments, including large deck handling equipment, access and lifting systems for U.S. Government vessels and customized underground mining equipment for mine owners and operators around the world. Lake Shore Systems was founded in 1858 and is based in Kingsford, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-13 NorthStar Group

New York, New York, United States

NorthStar Group provides specialized environmental and technical services to government and commercial facility owners in need of operational, decommissioning, and remediation services. NorthStar Group Services was founded in 1979 and is based in New York.

Buy -
Buyer
DESCRIPTION

BNPP Capital Partners is the private equity investment arm of BNP Paribas in North America. The Group provides both equity and mezzanine capital to support buyouts or recapitalizations of middle-market companies. BNPP will also consider providing capital to help fund growth initiatives. The Firm prefers minority investments situations and often partners with outside equity sponsors. BNPP will consider investments in a wide range of industries. Sectors of interest include business services, manufacturing/distribution, consumer products and services, electronics & technology, healthcare, power generation equipment, environmental services, financial services, food/beverage & restaurants, aerospace/defense, media communications and advertising, natural resources and transportation. BNPP Capital Partners was formed in 1991 and is headquartered in Paris, France.


DEAL STATS #
Overall 11 of 11
Sector: Aerospace M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 4
State: Arkansas M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 Star s service SA

Epinay Sur Seine, France

Star's service SA is a provider of urban logistics. Star's service provides parcel delivery and food shopping for retail, distribution of the spare part to automotive, Food logistics partner to gourmet and logistics partner of health actors. Star's service was founded in 1987 and is based in Epinay-Sur-Seine, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Direct Medica

Boulogne-Billancourt, France

Direct Medica is a player in multi-channel relationship management in the healthcare sector in France and is recognised for its abilities to add value and continuously provide innovative solutions. The company serves a broad client base: pharmaceutical laboratories, hospitals, health insurance companies, institutional players and public authorities.

Sell -