M&A Deal Summary |
|
|---|---|
| Date | 2005-08-16 |
| Target | Spirit AeroSystems |
| Sector | Aerospace |
| Buyer(s) |
Onex Partners
Ardian |
| Sellers(s) | Boeing |
| Deal Type | Divestiture |
| Deal Value | 375M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 23.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 10 of 58 |
| Sector (Aerospace) | 1 of 5 |
| Type (Divestiture) | 3 of 12 |
| State (Kansas) | 1 of 2 |
| Country (United States) | 8 of 42 |
| Year (2005) | 2 of 3 |
| Size (of disclosed) | 25 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-01-07 |
Magellan Health
Phoenix, Arizona, United States Magellan Health, Inc. is a provider of managed behavioral healthcare services, radiology benefit management services, and specialty pharmaceutical management services. Magellan Health was formed in 1969 and is based in Scottsdale, Arizona. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-24 |
Skilled Healthcare Group
Foothill Ranch, California, United States Skilled Healthcare is a operator of long-term care facilities and a leading provider of a full continuum of post-acute care services, with a strategic emphasis on sub-acute specialty medical care. The Company operated a network of 71 facilities in California, Texas, Kansas and Nevada, including both skilled nursing and assisted living facilities. |
Buy | $640M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 125.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 418 |
| Sector (Aerospace) | 1 of 5 |
| Type (Divestiture) | 2 of 30 |
| State (Kansas) | 1 of 1 |
| Country (United States) | 3 of 59 |
| Year (2005) | 12 of 19 |
| Size (of disclosed) | 51 of 67 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-07-26 |
Bénédicta S.A.
Seclin, France Benedicta is a French supplier of mayonnaise and cold sauces. It is the No. 2 brand in France and supplies the private label market in France and the UK. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-08-17 |
Tekfor
Hausach, Germany Tekfor engages in the development and production of pioneering solutions for transmissions, engines, drivelines, special applications, and safety fasteners. Tekfor Holding GmbH has nine manufacturing facilities across Germany, the US, Brazil, Mexico, and Italy. Tekfor is based in Hausach, Germany. |
Buy | - |
Boeing is a global aerospace company that operates in five principal segments. These segments include Commercial Airplanes; Boeing Defense, Space & Security (BDS) which comprises of Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S); and Boeing Capital Corporation (BCC). The Company's other business includes the activities of Engineering, Operations & Technology (EO&T) and Shared Services Group (SSG). EO&T provides Boeing with technical and functional capabilities, including information technology, research and development, test and evaluation, technology strategy development, environmental remediation management and intellectual property management. Boeing was founded in 1916 and is based in Arlington, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector (Aerospace) | 4 of 4 |
| Type (Divestiture) | 4 of 5 |
| State (Kansas) | 1 of 1 |
| Country (United States) | 4 of 5 |
| Year (2005) | 2 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-02-28 |
Boeing Electron Dynamic Devices
Torrance, California, United States Boeing Electron Dynamic Devices, Inc., a market supplier in the design, manufacture and sale of space-qualified high technology components and subsystems used in satellites. The company designs and produces space-qualified passive microwave devices, traveling wave tubes (TWTs), amplifiers and electric propulsion and radio frequency (RF) products utilized in communications satellites, manned space programs and key commercial and defense systems. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-09-20 |
Aviall
Dallas, Texas, United States Aviall, Inc. is a provider of repair, maintenance, and overhaul services and parts distribution for both commercial and general aviation aircraft engines. |
Buy | $1.7B |
