DC Advisory acts as exclusive financial advisor to Parcom on its investment in Robin Radar

Background

• Since its inception in 2010, Netherlands-based Robin Radar Systems (Robin Radar) has become a global leader in radar systems that detects and classifies drones and birds, serving key industries such as defence, security, aviation, and offshore wind farms
• Robin Radar’s unique technology, including its proprietary software, has become a leading radar solution for a wide array of applications
• Parcom, established in 1982, is one of the first buy-out funds in the Dutch market and has developed into one of the leading independent investment firms in the Netherlands. Parcom has assets under management in excess of €2bn and has invested in over 160 companies since inception. Over 70% of its transactions are in partnership with founder-shareholders, like Robin Radar

Process

• Robin Radar has been supported by a diverse group of equity providers, including VC funds and informal investors since its inception
• Robin Radar’s rapid expansion in the past few years led to a review of strategic options, including the entry of a new cornerstone investor to support the next phase of growth
• A formal process was subsequently launched in Q2 2024, targeting both financial investors and strategic partners, centring on Robin Radar’s leading technological position across a broad range of end markets with great growth opportunity
• DC Advisory was appointed as exclusive financial advisor to Parcom, providing comprehensive buy-side M&A and Debt Advisory services

Outcome

• Under the terms of the transaction, Parcom will acquire a majority stake in Robin Radar alongside Company management and incumbent minority shareholders
• Through its partnership with Parcom, Robin Radar Systems aims to expand in key markets, invest in the development of new radar solutions and boost its North American presence to seize new opportunities and better serve international customers
• Closing of this deal is subject to customary filings
• This transaction marks the 12th successful M&A assignment in the Benelux region in 2024 so far. It also demonstrates DC Advisory’s value proposition by effectively combining its global Aerospace & Defence sector expertise with strong local proximity in the Benelux