Transactions

Satair A/S on its takeover by Airbus

Steen Associates acted as the sole financial advisor to the Board of Satair A/S on a structured process which resulted in a voluntary takeover offer from Airbus for Satair, at 580 DKK per share. Satair is a strategically important asset given trends towards service-based contracts and consolidation within the aerospace supply chain, as confirmed by this attractive offer from a major player in the global aerospace industry.

Date: October 2011

Size: $504 million

Bridgepoint Development Capital on its acquisition of Shimtech Industries

Steen Associates advised Bridgepoint Development Capital, the international private equity firm, on its acquisition of Shimtech Industries, comprising four businesses located in the USA and UK. Together these companies are the global leaders in the manufacture of aerospace shims, essential components for precision engineering and aerostructure assembly.

Date: October 2011

Size: $84 million

Satair A/S on the sale of its OEM Activities by
B/E Aerospace

Steen advised the board of Satair A/S on the sale of its OEM activities, which distribute commercial aircraft parts to aerospace OEMs. The OEM division is based in the UK, China, France, and the US and represents one of the last remaining independent distributors of scale operating in these markets.

Date: October 2010

Size: $162 million

Hampson Industries plc on the sale of
Hampson Precision Automotive to Gil Investments

Steen advised the board of Hampson Industries plc on the disposal of Hampson Precision Automotive, a manufacturer of components including shaft and wheel assemblies for the world's leading turbocharger OEMs serving the commercial vehicle and passenger car markets.

Date: June 2010

Size: Undisclosed

Hampson Industries plc on the sale of
Hampson Aerospace Machining to
Darwin Private Equity

Steen advised the board of Hampson Industries plc on the disposal of Hampson Aerospace Machining, a manufacturer of components for the aerospace, defence, and IGT sectors operating from 3 sites in the UK.

Date: August 2009

Size: £24 million

Transtech on the sale of
Transtech Airport Solutions Inc to Cooper Industries

Steen advised the venture capital shareholders of Transtech on the restructuring and sale of Transtech Airport Solutions, Inc, a manufacturer of airfield lighting control systems based in Israel and the USA.

Date: December 2008

Size: Undisclosed

Gardner Group Ltd on its sale to Carlyle Group

Steen advised shareholders on the sale of Gardner Group, a manufacturer of metallic details for the aerospace, defence, automotive, and IGT sectors. Gardner operated 7 sites across England, Wales and Poland.

Date: November 2008

Size: Undisclosed

NVM Private Equity on the sale of
Product Support Limited to Wincanton

Steen advised NVM Private Equity on its sale of Product Support Limited, a provider of logistics and support services to the aerospace, defence, and energy sectors from over 20 sites in the UK, Netherlands, and Portugal.

Date: May 2008

Size: £30 million

Stirling Square Capital Partners on the sale of Global Design Technologies to
Bridgepoint Private Equity

Steen advised Stirling Square Capital Partners on the sale of GDT, the industry leader in the design and manufacture of permanent connectors and tooling for fluid control in the aerospace, defence and power distribution sectors.

Date: August 2007

Size: $343 million

Thales Group on the sales of Thales Telematics plc to Cybit

Steen advised Thales Group on the sale of its non-core telematics businesses serving the logistics and security tracking industries to two buyers in the UK and France.

Date: February 2007

Size: Undisclosed

Thales Group on the sale of
Thales Telematics SAS to Sanef

Steen advised Thales Group on the sale of its non-core telematics businesses serving the logistics and security tracking industries to two buyers in the UK and France.

Date: February 2007

Size: Undisclosed

Satair A/S on its acquisition of
TPA Pte Ltd from TPA Strategic Holdings

Steen advised Satair, the listed Danish aerospace distribution company, on its acquisition of TPA Pte, an aerospace distribution and MRO business based in Singapore.

Date: February 2006

Size: $39 million

Murray International Holdings on the sale of Murry International Metals Ltd to Jeffries and Murray International Metals America to Edgen

In two separate sales processes, Steen advised the Murray Group of Scotland on its sale of MIM Ltd and MIM America, providers of logistics, distribution and support solutions for the supply of metals to the oil and gas sector, to two separate buyers based in the USA.

Date: December 2005

Size: $256 million

Satair on its acquisition of Pall Corporation's North American and European Distribution Activities

Steen advised Satair, the listed Danish aerospace logistics company, on its acquisition of the commercial aerospace distribution activities of Pall Corporation.

Date: November 2005

Size: $29 million

J.F. Lehman & Co on the sale of Racal Acoustics

Steen advised J.F. Lehman & Company on their sale of Racal Acoustics, a designer and manufacturer of headsets and ear protection devices for the military market.

Date: August 2005

Size: £52 million

ESL Defence on its sale to AAI Corporation

Steen advised the shareholders of ESL Defence, a manufacturer of electro-optics for the aerospace, defence, and security end-markets.

Date: March 2005

Size: $11 million