HLD Europe’s Acquisition of Exxelia

Willkie Farr & Gallagher advised IK Investment Partners in the transaction. Bredin Prat advised HLD Europe on the deal

HLD Europe executed the acquisition of Exxelia, the European leader in the manufacturing of high reliability passive components and electromechanical systems, from IK Investment Partners.

Exxelia develops and manufactures complex passive components and electromechanical solutions for niche industrial markets such as aeronautics, space, defence, medical and rail, where product reliability and performance are essential. Serving institutional clients, systems and equipment manufacturers, Exxelia offers a complete and custom product range (capacitors, inductors, resistors, filters, position sensors and rotary joints) embedded into a large number of programs including: the Airbus A350 and Boeing 787 Dreamliner, the Ariane 6 launcher, satellite constellations (such as Galileo and Oneweb), the Rafale and F-35, subway coaches and high-speed trains and medical equipment such as MRI machines and defibrillators.

IK Investment Partners is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €10 billion of capital and invested in over 130 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. Founded in 2019, HLD is an investment holding company with 12 companies in France and in Europe (including Tessi, Kiloutou, Coyote, Santé Cie or Rafaut, etc.), representing a combined revenue of almost €2 billion and 17,000 employees.

Bredin Prat advised HLD Europe with a team including Olivier Assant, Clémence Fallet, Florence Haas, Florent Veillerobe, Thomas Sharps, Margaux de Bourayne (M&A), Karine Sultan, Mathieu Arnault and Vincent Delcourt (Finance), Jérôme Cordier, Anne-Sophie Arbide-Vignarte (Employment), Marie-Cécile Rameau, Thibault Sire (Antitrust), Marion Méresse (Tax) and Juliette Crouzet (TMT).

The Willkie team was led by partners Eduardo Fernandez (Picture) and Cédric Hajage and included Faustine Viala and David Mortlock.

Involved fees earner: Anne-Sophie Arbide-Vignarte – Bredin Prat; Mathieu Arnault – Bredin Prat; Olivier Assant – Bredin Prat; Jerome Cordier – Bredin Prat; Juliette Crouzet – Bredin Prat; Margaux de Bourayne – Bredin Prat; Clémence Fallet – Bredin Prat; Florence Haas – Bredin Prat; Marion Méresse – Bredin Prat; Marie-Cécile Rameau – Bredin Prat; Thomas Sharps – Bredin Prat; Thibault Sire – Bredin Prat; Karine Sultan – Bredin Prat; Florent Veillerobe – Bredin Prat; Eduardo Fernandez – Willkie Farr & Gallagher; Cédric Hajage – Willkie Farr & Gallagher; David Mortlock – Willkie Farr & Gallagher; Faustine Viala – Willkie Farr & Gallagher;

Law Firms: Bredin Prat; Willkie Farr & Gallagher;

Clients: HLD Europe; IK Investment Partners;