M&A Deal Summary

Volex Acquires MC Electronics

On June 4, 2018, Volex acquired electrical equipment company MC Electronics from Nova Capital Management

Acquisition Highlights
  • This is Volex’s 1st transaction in the Electrical Equipment sector.
  • This is Volex’s 1st transaction in the United States.
  • This is Volex’s 1st transaction in California.

M&A Deal Summary

Date 2018-06-04
Target MC Electronics
Sector Electrical Equipment
Buyer(s) Volex
Sellers(s) Nova Capital Management
Deal Type Add-on Acquisition
Advisor(s) Angle Advisors (Financial)

Target

MC Electronics

Hollister, California, United States
MC Electronics is a contract manufacturer of mission-critical custom cables, wire harnesses, and electromechanical assemblies for the medical equipment industry. Utilizing a flexible assembly cell manufacturing model, MC Electronics focuses on low volume, high mix products. With facilities in both Hollister, California and Juarez, Mexico, MC Electronics utilizes its strategic footprint to serve a blue-chip customer base.

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Buyer(S) 1

Buyer

Volex

Basingstoke, United Kingdom

Category Company
Founded 1919
Sector Technology Hardware
Revenue 913M USD (2024)
DESCRIPTION

Volex is a provider of interconnect solutions and power products, servicing the telecommunications, datacoms / data-centre, industrial, consumer and medical sectors for over 100 years. Volex's range of interconnect solutions include original-design fibre-optic, high-speed copper and radio frequency (RF) cable assemblies. Volex has design and manufacturing facilities spread across the globe, enabling flexibility in meeting customers' delivery timetables and price targets. Volex was founded in 1919 and is based in Basingstoke, England.


DEAL STATS #
Overall 1 of 2
Sector: Electrical Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-01 Ionix Systems

Lancashire, United Kingdom

Ionix Systems (part of the Amphenol Corporation Group) is a specialist designer and manufacturer of wiring harness and woven systems, providing interconnection solutions for aerospace, defence, power generation and other high-performance engineering sectors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 GTK

Basingstoke, United Kingdom

GTK (UK) Ltd. is a provider of design, procurement and manufacturing services of electronic components for customers in the UK and internationally in sectors such as precision instrumentation, defence/security and contract equipment manufacturing. Some of the applications of GTK's work in optoelectronics include providing LCDs used in a wide range of products such as smart meters, in-car entertainment systems and secure entry systems. GTK was formed in 1990 and is based in Basingstoke, United Kingdom.

Buy £14M

Seller(S) 1

SELLER

Nova Capital Management

London, United Kingdom

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2002
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nova Capital Management is a private equity firm that highly focuses on corporate and private equity portfolios companies located in the UK, US and Europe. The firm looks to Invest in companies with a enterprise value of £ 50 – 500 million. Areas of interest include engineering & manufacturing, healthcare & pharmaceuticals, services & distribution, technology and media & telecoms. Nova Capital Management is formed in 2002 and is based in London.


DEAL STATS #
Overall 33 of 40
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 14 of 15
State: California M&A 2 of 2
Country: United States M&A 10 of 16
Year: 2018 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 Ashland Hardware Systems

Irving, Texas, United States

Ashland Hardware Systems, Inc. is a provider of residential window and door hardware to the fenestration industry. Company supply hardware to hundreds of wood and vinyl window/door fabricators throughout North America, including virtually all nationally recognized brands.

Sell $101M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 Shur-Line

Waukesha, Wisconsin, United States

Shur-Line is a manufacturer of paint related tools and accessories. Shur-Line was founded in 1945 and is based in Waukesha, Wisconsin.

Sell -