Lincoln International represents RAD Electronics, Inc., a portfolio company of Chrysalis Ventures, Inc., in its sale of Astrex Electronics to RockWood Equity Partners LLC
CHICAGO, September 16, 2008 – Lincoln International, a leading global mid-market investment bank, acted as the exclusive financial advisor to RAD Electronics, Inc. (“RAD”), a leading contract manufacturer of electronic equipment for the OEM marketplace and a portfolio company of Louisville-based Chrysalis Ventures, Inc., in its sale of the assets of Astrex Electronics (“Astrex” or the “Business”). Astrex is a value added distributor of interconnect products and services focused on the military and defense end market. Astrex was acquired by RockWood Equity Partners LLC, a private equity investor with offices in Cleveland and New York City.
Astrex Electronics distributes interconnect products to over 2,000 customers in 25 countries. The Business’s products are integrated into applications such as on-board aircraft controls, military hardware, medical instruments, homeland security devices and transportation equipment. Astrex offers one of the most comprehensive product portfolios in the specialized interconnect industry, carrying the products of over 20 franchised, world-class manufacturers. In addition, the Business performs a broad range of value added services such as assembling connectors from various component parts.
Lincoln International worked closely with RAD and Astrex management to ensure the successful outcome of the transaction. Lincoln’s experience in the electronics industry, private equity relationships and ability to run an efficient and timely process, in particular, facilitated the deal’s rapid closure. “Lincoln’s expertise in the electronics industry and knowledge of the private equity market allowed us to quickly bring Astrex to market and find the best buyer,” said Frank Stalzer, President of Astrex.
Chuck Mann, CEO of RAD, added, “Lincoln executed the sale process quickly and flawlessly to meet our needs. We are very happy with the outcome.”
The deal represents Lincoln International’s seventh electronics transaction in 2008. The sale process, from engagement to closure, lasted four months.
About Lincoln International
Lincoln International specializes in merger and acquisition services, private capital raising and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, New York, Madrid, Paris, Tokyo and Vienna, and strategic partnerships with China Everbright and ICICI of India, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. For more information, please visit www.lincolninternational.com.
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