M&A Deal Summary

TSI Group Acquires Woven Electronics

On March 22, 2006, TSI Group acquired electrical equipment company Woven Electronics from Harren Equity Partners

Acquisition Highlights
  • This is TSI Group’s 1st transaction in the Electrical Equipment sector.
  • This is TSI Group’s 1st transaction in the United States.
  • This is TSI Group’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2006-03-22
Target Woven Electronics
Sector Electrical Equipment
Buyer(s) TSI Group
Sellers(s) Harren Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Woven Electronics

Simpsonville, South Carolina, United States
Woven Electronics is a provider of custom engineered electrical cable assemblies, harnessing and electronic interconnections. Past applications for Woven's products have included wiring systems for airport radar ground control, multiple launch rocket systems, and power distribution systems for commercial aircraft.

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Buyer(S) 1

Buyer

TSI Group

St. Louis, Missouri, United States
Category Company
Sector Electronics
DESCRIPTION

TSI Group, Inc. is a manufacturer of custom-engineered thermal management and electronic component and systems solutions predominantly to defense and aerospace customers. TSI Group is based in St. Louis, Missouri.

DEAL STATS #
Overall 1 of 7
Sector (Electrical Equipment) 1 of 4
Type (Add-on Acquisition) 1 of 7
State (South Carolina) 1 of 1
Country (United States) 1 of 7
Year (2006) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-28 ADB Industries

Hawthorne, California, United States

ADB Industries, Inc. is a manufacturer of machinery components for aerospace and other manufacturing industry.

Buy -

Seller(S) 1

SELLER

Harren Equity Partners

Charlottesville, Virginia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.

DEAL STATS #
Overall 4 of 23
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 10
State (South Carolina) 1 of 1
Country (United States) 4 of 23
Year (2006) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Precise International Pte

Singapore

Precise International team specialize in offering top-notch interior design services for a wide range of applications, ranging from retail fit out ,exhibitions, special display& events and beyond. Precise International holds the exclusive distribution rights in North America for the Genuine Swiss Army knife by Wenger. In addition to knives, Precise sells watches and apparel under the Genuine Swiss Army brand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-04-10 Camelot Education

East Dripping Springs, Texas, United States

Camelot Education is a provider of services to youth and adolescent populations in both the behavioral health and education markets. Camelot conducts its operations through residential treatment facilities, therapeutic day schools and alternative education and community-based programs.

Buy -
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