IK Partners Enters Negotiations to Sell Exxelia to HEICO

July 28, 2022

Willkie is advising IK Partners in the transaction.

On July 28, Willkie client IK Partners announced that an affiliate of the IK VII Fund has entered into a put option agreement to sell its stake in Exxelia to global aerospace business HEICO Corporation.

Headquartered in Paris, Exxelia is a leading manufacturer of complex passive components and precision subsystems for niche industrial markets. The company operates from 11 manufacturing sites with more than 2,100 employees and serves blue-chip customers in more than 50 countries.

Willkie previously advised IK Partners in numerous transactions, including its recent sale of LINXIS Group, its investment in Safic-Alcan and its acquisitions of Batisanté and, as member of an investor consortium, of Vivalto Santé.

IK Partners is a European private equity firm focused on investments in the Benelux, DACH, France, Nordics and the UK. Since 1989, IK has raised more than €14 billion of capital and invested in over 170 European companies.

The Willkie team is led by partner Eduardo Fernandez and includes partner Hugo Nocerino and associate Sarah Bibas.