Advent International exits aerospace and defence technology provider CAES Systems for $1.9bn

Private Equity Wire

Private equity firm Advent International has exited aerospace and defence technology provider CAES Systems to Honeywell in a $1.9bn all-cash deal.  

The deal is expected to close in H2 2024. 

Advent International previously acquired CAES Systems, then known as Cobham Advanced Electronic Solutions, for $5bn in January 2020, later restructuring it into a standalone entity in 2021.  

CAES develops advanced electronics, such as antenna systems and communication networks for the aerospace and defence sectors.  

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