M&A Deal Summary

TT Electronics Acquires Aero Stanrew

On December 21, 2015, TT Electronics acquired electronics company Aero Stanrew from WestBridge for 63M USD

Acquisition Highlights
  • This is TT Electronics’ 4th transaction in the Electronics sector.
  • This is TT Electronics’ largest (disclosed) transaction.
  • This is TT Electronics’ 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2015-12-21
Target Aero Stanrew
Sector Electronics
Buyer(s) TT Electronics
Sellers(s) WestBridge
Deal Type Add-on Acquisition
Deal Value 63M USD

Target

Aero Stanrew

Barnstaple, United Kingdom
website
Aero Stanrew is a designer and manufacturer of electronic and electromagnetic modules used principally in the civil aerospace, defence, energy and space market sectors.

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Buyer(S) 1

Buyer

TT Electronics

Woking, United Kingdom

website


Category Company
Founded 1906
Sector Electronics
Employees4,740
Revenue 617M GBP (2022)
DESCRIPTION

TT Electronics provides sensing and control technologies, integrated manufacturing services. TT Electronics was founded in 1906 and is based in Woking, the United Kingdom.


DEAL STATS #
Overall 8 of 10
Sector (Electronics) 4 of 6
Type (Add-on Acquisition) 8 of 10
Country (United Kingdom) 6 of 7
Year (2015) 1 of 1
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-14 Roxspur Measurement & Control

Sheffield, United Kingdom

Roxspur Measurement & Control Ltd. is a UK supplier of temperature, flow, pressure and level sensors, together with calibration services, for critical applications serving global customers in segments including oil and gas, power generation, water management and materials processing.

Buy £8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-19 TT Electronics - Transportation Sensing & Control Division

Weybridge, United Kingdom

TT Electronics - Transportation, Sensing & Control Division is a manufacturer of temperature, position, and speed, exhaust/emission control sensors.

Sell £119M

Seller(S) 1

SELLER

WestBridge

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2008
PE ASSETS 140M GBP
Size Small
Type Sector Agnostic
DESCRIPTION

WestBridge Capital is a private equity firm that invests in growth-oriented, small and medium sized enterprises based in the UK. WestBridge focuses on profitable companies with proven business models and experienced management teams. WestBridge looks to invest £10 to £25 million in businesses valued between £15 and £60 million. Areas of interest include healthcare, financial services, business services, leisure, technology, industrial and retail. The Firm will not consider investments in biotech and real estate. Prospective transaction situations include buyouts, growth capital financings, buy and builds, and recapitalizations. WestBridge was formed in 2008 and is based in London.


DEAL STATS #
Overall 3 of 7
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 4
Country (United Kingdom) 3 of 7
Year (2015) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-17 DBpixelhouse

Tewkesbury, United Kingdom

DBpixelhouse is a provider of audiovisual and IT rental services, interactive software and temporary broadband network infrastructure for customers in trade shows, sales events, and other promotional activities. DBpixelhouse was founded in 1994 and is based in Tewkesbury, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Vista Retail Support

Cardiff, United Kingdom

Vista Retail Support is an IT services company. Vista offers a range of EPOS and support services including hardware support and maintenance, building, cabling and installing EPoS systems and contact centre management. Vista Retail Support was founded in 1995 and is based in Cardiff, United Kingdom.

Sell -