M&A Deal Summary

Onex Partners Acquires Farsound Aviation

On August 29, 2024, private equity firm Onex Partners acquired aerospace company Farsound Aviation from AGIC Capital

Acquisition Highlights
  • This is Onex Partners’ 5th transaction in the Aerospace sector.
  • This is Onex Partners’ 8th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-08-29
Target Farsound Aviation
Sector Aerospace
Buyer(s) Onex Partners
Sellers(s) AGIC Capital
Deal Type Secondary Buyout

Target

Farsound Aviation

Brentwood, United Kingdom
Farsound Aviation is an aerospace parts distributor focusing on C-Class, B-Class, and other fast-moving consumable parts to the aerospace sector. Alongside long-term sourcing agreements, Farsound also provides value-added services such as kitting and customer consignment. Farsound Aviation was founded in 1986 and is based in Brentwood, United Kingdom.

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Buyer(S) 1

Buyer

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 21.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.


DEAL STATS #
Overall 61 of 63
Sector: Aerospace M&A 5 of 5
Type: Secondary Buyout M&A Deals 16 of 17
Country: United Kingdom M&A 8 of 8
Year: 2024 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 Fischbach

Engelskirchen, Germany

Fischbach is a provider of cartridge packaging solutions for sealants and adhesives used in building repair, renovation & construction, aftermarket automotive, marine weather & water-sealing applications, and aerospace bonding applications. Fischbach was founded in 2000 and is based in Engelskirchen, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-18 ISC

Carlsbad, California, United States

ISC is a multi-line insurance distributor that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering and data analytics. ISC has built an end-to-end insurance platform by connecting a broad network of insurance markets and distribution channels with proprietary data analytics capabilities. ISC was founded in 2017 and is based in Carlsbad, California.

Buy -

Seller(S) 1

SELLER

AGIC Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

AGIC Capital (aka Asia Germany Industrial Promotion Capital) is a private equity group focused on industrial and medical technology investments in Europe. The Firm's specific areas of interest include (1) intelligent production, (2) high-end systems and components, (3) advanced materials, (4) medical equipment, and (5) environmental protection technologies. AGIC Capital was formed in 2015 and has offices in Shanghai, Hong Kong, Beijing, London, and Munich.


DEAL STATS #
Overall 3 of 3
Sector: Aerospace M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-14 AP Technologies

Singapore, Singapore

AP Technologies is a medical device contract manufacturer of tight tolerance, precision medical tubing and catheters using the latest extrusion and assembly processes. AP Tech utilizes its comprehensive quality control system, state-of-the-art facility, and advanced statistical methodologies to maintain the highest quality standards in the industry. AP Technologies is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-19 Solmetex

Marlborough, Massachusetts, United States

Solmetex provides dental amalgam separator devices and amalgam recycling services to the dental industry. Solmetex’s NXT Hg5 Series of Amalgam Separators and recycling program, which treats dental wastewater, is highly regarded as the best solution for regulatory compliance. Solmetex was founded in 1994 and is based in Northborough, Massachusetts.

Buy -