Advent International to Acquire Cobham for $5B

Private equity firm Advent International has agreed to pay approximately $4.99B, including debt, for U.K.-based aerospace and defense contractor Cobham, Financial Times reported Wednesday. The price of the deal represents a premium of nearly 35 percent over the Wednesday closing stock price of Cobham.

Cobham produces electronic, communications and mission systems designed for space, land, maritime and airborne applications. The company reported $2.3B in revenue and $149.7M in after-tax profit for 2018.

Boston-based Advent has managed assets worth a total of $36B as of March 31, according to the global investment company.

Sponsor

×

Stay ahead in GovCon

Join thousands of government contractors who rely on GovCon Wire for the latest updates in federal spending, bid opportunities, and compliance changes.

Whether you’re new to the space or scaling up, our brief keeps you informed and ready to act.

Email Address *

First Name *

Last Name

Position

Company

Related Articles

Astrion Appoints Tom Vice as CEO, Names Eric Brown, Conn Doherty to Key Leadership Roles

Astrion has appointed Tom Vice, an aerospace and defense industry executive, as executive chair and CEO and tapped industry leaders…

Army Issues RFP for $50B MAPS Contract Vehicle for IT, Professional Services

The Army Contracting Command-Aberdeen Proving Ground and the Capability Program Executive Enterprise Software and Service, formerly Program Executive Office Enterprise,…

President’s FY27 Budget Request Includes $1.5T for Pentagon

President Donald Trump’s budget request for fiscal year 2027 includes $1.5 trillion in defense spending, marking a $445 billion, or…

LMI Secures $100M Space Force SBIR Phase III Contract for Logistics, Readiness Support

LMI has been awarded a $100 million Small Business Innovation Research Phase III indefinite-delivery/indefinite-quantity contract to support life cycle logistics and…

SpaceX Awarded $178.5M Space Systems Command Task Order for SDA-4 Launches

The U.S. Space Force’s Space Systems Command, or SSC, has awarded SpaceX a $178.5 million task order for additional launches under…

Tanium’s Melissa Bischoping: Agentic AI Could Help Strengthen Federal Network Resilience

Melissa Bischoping, senior director of security and product design research at Tanium, said adopting agentic artificial intelligence and other autonomous…

Boeing Secures $900M Air Force Contract for T-38 Avionics Support

The U.S. Air Force has awarded Boeing a potential $900 million contract to provide avionics sustainment and support for the T-38C Talon…

Paul Tierney Returns to Dataminr as Head of Public Sector

Paul Tierney, a more than 25-year technology sales executive, has rejoined Dataminr as head of public sector. Tierney announced his…

Godspeed Capital Invests in GALT Aerospace to Meet JADC2 Tech Demands

Godspeed Capital has made a strategic investment in GALT Aerospace, establishing the California-based company as a new defense technology platform…

USSOCOM Issues $2.7B RFP for SOF Global Services Delivery Contract

U.S. Special Operations Command has issued the final request for proposal for a potential $2.65 billion Special Operations Forces Global Services…

Maritime Autonomy Company Saronic Raises $1.75B in Series D Funding Round

Saronic Technologies has secured $1.75 billion in a round of Series D financing led by Kleiner Perkins to accelerate the…

Joyner Livingston Joins Valkyrie as Mission Solutions SVP

Valkyrie Enterprises has appointed Joyner Livingston as senior vice president of mission solutions. The company said in a LinkedIn post…

You’ve already read all related articles.

Executive Interviews