IK Investment Partners Announces Agreement to Sell Exxelia

January 24, 2020

Willkie’s Paris office advises IK Investment Partners in its announced sale of Exxelia to HLD Europe.

On January 22, Willkie client IK Investment Partners announced the sale of Exxelia, the European leader in the manufacturing of high reliability passive components and electromechanical systems, to HLD Europe.

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.

The Willkie team is led by partners Eduardo Fernandez and Cédric Hajage and included Faustine Viala and David Mortlock.