Press release

London  |  Friday 2 June 2017

Baird Capital, the direct private investment arm of Robert W. Baird & Co., announced today that it has acquired a majority interest in CAV Ice Protection Limited and CAV Advanced Technologies Ltd (CAV)

CAV is headquartered in Consett, County Durham. The Company's proprietary Ice Protection systems provide a unique solution to a critical safety challenge across numerous segments of the aerospace market. CAV is also a technology and manufacturing partner to major commercial OEMs for hybrid laminar flow control (HLFC) drag reduction systems.

Steen Associates provided financial advisory services including a strategic review.

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Notes to Editors:

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Steen Associates London Office

27 Great Queen Street
London
WC2B 5BB

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About Steen Associates

Steen Associates is an M&A advisory firm specialising in the aerospace, defence and industrial sectors. Steen has advised on a wide range of strategic transactions, predominantly in Europe and the USA, from its offices in London, Paris and Frankfurt.

For more details about Steen Associates please visit www.steenassociates.com.

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Contact Details

Jason Steen
Partner
Steen Associates
London

T: +44 (0)20 7405 5040
E: jason@steenassociates.com

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