M&A Deal Summary

Morgan Advanced Materials Acquires NP Aerospace

On January 5, 2009, Morgan Advanced Materials acquired aerospace company NP Aerospace from The Carlyle Group for 71M GBP

Acquisition Highlights
  • This is Morgan Advanced Materials’ 1st transaction in the Aerospace sector.
  • This is Morgan Advanced Materials’ 0th largest (disclosed) transaction.
  • This is Morgan Advanced Materials’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2009-01-05
Target NP Aerospace
Sector Aerospace
Buyer(s) Morgan Advanced Materials
Sellers(s) The Carlyle Group
Deal Type Add-on Acquisition
Deal Value 71M GBP

Target

NP Aerospace

Coventry, United Kingdom
NP Aerospace Ltd. designes and manufactures lightweight structural products based on advanced composite material systems. Its principal customers were in the aerospace, defense and medical imaging sectors.

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Buyer(S) 1

Buyer

Morgan Advanced Materials

Windsor, United Kingdom

Category Company
Founded 1856
Sector Manufacturing
Employees8,694
Revenue 1.1B GBP (2023)
DESCRIPTION

Morgan Advanced is a manufacturer of advanced carbon and ceramic materials for complex and technologically demanding applications. Morgan Advanced Materials was founded in 1856 and is based in Windsor, United Kingdom.


DEAL STATS #
Overall 4 of 6
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 3
Country (United Kingdom) 2 of 2
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-21 Carpenter Advanced Ceramics

Auburn, California, United States

Carpenter Advanced Ceramics, Inc. is a manufacturer of engineered ceramics products sells high purity alumina and zirconia structural ceramic components for a variety of applications and industries and is a world leader in zirconia ceramics. It operates two plants, one in the US and one in Australia, and has approximately 150 employees.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-14 Changsha Hairong New Materials

Changsha, China

Changsha Hairong New Materials Co. Ltd. is a recognised technical leader in the production of graphite materials for anodes used in lithium ion batteries for portable electronics and electric vehicles.

Buy £6M

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 127 of 480
Sector (Aerospace) 7 of 14
Type (Add-on Acquisition) 68 of 197
Country (United Kingdom) 9 of 36
Year (2009) 2 of 13
Size (of disclosed) 106 of 135
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-04 AxleTech International Holdings

Oshkosh, Wisconsin, United States

AxleTech is a manufacturer and supplier of axles, axle components, planetary axles, brakes, and aftermarket parts for commercial specialty trucks, military vehicles, and off-highway machines used in construction, material handling, forestry, mining, and agricultural markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-03 Edscha AG

Remscheid, Germany

Edscha is a manufacturer of door hinges, convertible roof systems and driver controls for the automotive industry.

Sell -