Commonwealth Venture Funding Group has sold Antaya Technologies to Delphi Automotive
Lincoln International (“Lincoln”), a leading global mid-market investment bank, today announced that Commonwealth Venture Funding Group (“CVFG”) and management have sold Antaya Technologies, Corp. (“Antaya” or the “Company”) to Delphi Automotive PLC (NYSE:DLPH; “Delphi”). Terms of the acquisition were not disclosed. Lincoln acted as the exclusive financial advisor to Antaya.
Headquartered in Cranston, Rhode Island, Antaya is the largest manufacturer of on-glass connectors for the automotive glass industry in North America, with a growing customer base in China and Europe. The Company also supplies controlled soldering equipment, known as Q-Boxes, which in combination with the Company’s pre-soldered clad terminals, significantly reduce variation in the soldering process. Antaya currently offers the only field-tested, lead-free solution in the industry and is poised to achieve significant growth as recent regulations in Europe take effect requiring all new vehicles to use lead-free on-glass connectors. Antaya’s products serve a broad range of applications, including power terminals, antenna assemblies, keyless entry and tire pressure monitoring, and other custom connector assemblies for automotive electronics.
Lincoln advised the Company in connection with the marketing, negotiation and due diligence phases of the transaction. “Lincoln employed a hands-on approach and worked closely with the management team to prepare for each stage of the sale process. Lincoln also leveraged its deep automotive and truck experience to identify the best acquirers for Antaya and to strongly advocate for the key investment merits of the business,” said John Pereira, Antaya’s Chief Executive Officer and President.
William Booth, Vice President of CVFG, stated, “Lincoln executed a highly disciplined sale process involving a thoughtfully selected group of potential strategic acquirers. They provided expert advice throughout each step of the transaction, which resulted in outstanding value and terms for Antaya’s shareholders.”
About Commonwealth Venture Funding Group
CVFG is a private equity investment management company with a focus on small to mid-sized companies whose management has an established track record and a real entrepreneurial spirit. Its experienced team works closely with management to help build outstanding companies that deliver superior returns to investors. In addition to providing entrepreneurs with investment capital and professional assistance, CVFG will undertake advisory assignments in certain circumstances. CVFG has been investing since 1998 and the three principles have been working together since 1991. More information about CVFG can be obtained at www.cvfg.com.
Meet our Senior Team
View More Transactions
Lincoln is pleased to announce that it has advised Ambienta SGR on the sale of Safim to DexKo
Lincoln International is pleased to announce that Rostra Vernatherm, a portfolio company of Nikel Holdings and Valencia Capital, has been sold to Vernet, a portfolio company of Stirling Square Capital Partners
Lincoln International is pleased to announce that AmeriBest Home Care, a portfolio company of Boyne Capital, has been sold to TEAM Services Group, a portfolio company of Alpine Investors
Lincoln International is pleased to announce the sale of the leading provider of specification-grade luminaires, The Luminaries Group, to Acuity Brands, Inc.