Deal Announcement


DC Advisory advises HLD Europe on its acquisition of Exxelia Group

27 Jan 2020

Background

  • Exxelia is a French group specialised in the development and manufacturing of high reliability passive components and electromechanical systems for niche industrial markets, including aerospace, defence, medical and rail
  • Exxelia offers a complete range of products (e.g. capacitors, filters, magnetics, position sensors, slip rings and rotary joints) and a unique technical expertise allowing to develop highly customised solutions
  • Exxelia is embedded in a large number of aerospace programs (Airbus A350, Boeing 787, Ariane 6 launcher, Rafale, F-35) as well as high-speed trains and medical equipment (MRI machines and defibrillators)
  • Exxelia generated c.€170m in pro forma revenue in 2019 and employs 2,000 staff across 13 manufacturing sites, including one in Morocco, one in Vietnam and three sites in the US

Process

  • DC Advisory advised HLD Europe on the analysis of Exxelia’s fundamentals, its potential valuation and exit scenarios

Outcome

  • HLD Europe entered into exclusive negotiations with IK Investment Partners to acquire a majority stake in Exxelia
  • Exxelia’s management will reinvest alongside HLD Europe
  • The completion of the transaction is subject to the consultation of employee representative bodies and the approval of the competition authorities as well as the French and American administrations

Deal Team

David Benin

Managing Director
France