M&A Deal Summary

JLL Partners Acquires Heads Up Technologies

On September 9, 2019, private equity firm JLL Partners acquired aerospace company Heads Up Technologies

Acquisition Highlights
  • This is JLL Partners’ 4th transaction in the Aerospace sector.
  • This is JLL Partners’ 32nd transaction in the United States.
  • This is JLL Partners’ 6th transaction in Texas.

M&A Deal Summary
Date 2019-09-09
Target Heads Up Technologies
Sector Aerospace
Buyer(s) JLL Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Mesirow Financial Holdings, Inc. (Financial)

Target

Heads Up Technologies

Addison, Texas, United States
Heads Up Technologies designs, engineers and manufactures complex, proprietary cockpit, cabin, and aircraft electrical components and systems to the business and commercial aviation markets. Heads Up have established itself as a trusted partner in the business aviation segment through longstanding relationships with leading OEMs. Heads Up Technologies was founded in 1985 and is based in Addison, Texas.

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Buyer(S) 1

Buyer

JLL Partners

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

JLL Partners, Inc. is a private equity investment firm that invests alongside management in middle-market companies. JLL prefers control investments in sectors such as healthcare services, medical products, food and consumer products, chemicals, broadcasting, transportation, automotive, industrial manufacturing, and distribution. In addition to traditional buyout transaction, JLL also seeks distressed/turnaround situations. JLL Partners was formed in 1988 and is based in New York City.

DEAL STATS #
Overall 33 of 40
Sector (Aerospace) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 9 of 9
State (Texas) 6 of 8
Country (United States) 32 of 38
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-27 Thread

Cary, North Carolina, United States

Thread is a provider of technology that enables virtual research approaches to modernize clinical studies and registries. Thread is based in Cary, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-11 Solvias

Kaiseraugst, Switzerland

Solvias is contract research, development, and manufacturing. The industries the company serves include pharmaceuticals, biotech, medical device, and cosmetics. Solvias was founded in 1999 and is based in Kaiseraugst, Switzerland.

Buy -
Mergr

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