We specialise in M&A across borders within the aerospace, defence and industrial sectors.

Steen Associates is an independent M&A firm specialising in cross-border transactions. From our offices in London and Frankfurt, we guide global clients with deep expertise and a relationship-driven approach.

Deep sector knowledge,
Proven track record.

Our clients include international corporations, owner-managed businesses, private equity firms and family offices seeking to invest in or exit from businesses in the international aerospace, defence and industrials sectors. They value our long-standing collective experience, the depth of our industry knowledge and contacts, and our relationship-driven approach to mergers and acquisitions.

From offices in London and Frankfurt, our experienced team has a global reach that guides clients through the merger and acquisition process, from strategy and deal origination through to successful completion, with the aim of achieving the best outcomes for them and their businesses.

Aircraft in flight representing the firm's cross-border advisory reach across Europe

Latest news

FRANKFURT AM MAIN | THURSDAY 5 MARCH 2026
Steen Associates acted as exclusive financial adviser to HENSOLDT on its acquisition of Nedinsco

HENSOLDT has signed an agreement to acquire Dutch optronics specialist Nedinsco. Based in Venlo and Eindhoven (Netherlands), Nedinsco, founded in 1921, is a long-standing developer and manufacturer of electro-optical sensor systems.

Read more
LONDON | TUESDAY 3 MARCH 2026
Morvern Group on its sale to Precision Castparts Corp

Steen Associates acted as exclusive financial adviser to Morvern Group on its sale to Precision Castparts Corp. (PCC)

Read more
FRANKFURT AM MAIN | THURSDAY 22 JANUARY 2026
Exclusive financial adviser to Silver Investment Partners on its sale of Schüschke to Jamco Corporation

Steen Associates acted as exclusive financial adviser to Silver Investment Partners on its sale of Schüschke to Jamco Corporation, a Bain Capital portfolio company

Read more
LONDON | WEDNESDAY 31 DECEMBER 2025
Acquisition of Senior Aerostructures Division by Sullivan Street and the creation of Zenix completed

Sullivan Street Partners, a UK-based private equity investor specialising in mid-market control buyouts, has reached a binding agreement to acquire the Aerostructures business of Senior plc in its largest deal to date for a total enterprise value of up to £200m.

Read more
FRANKFURT AM MAIN | TUESDAY 30 DECEMBER 2025
Exclusive adviser to HIPER Global on its acquisition of Bressner Technology GmbH from One Stop Systems, Inc

Steen Associates acted as exclusive adviser to HIPER Global (through its German subsidiary Hiper Euro GmbH) on its acquisition of Bressner Technology GmbH (“Bressner”) from One Stop Systems, Inc. (“OSS”) (Nasdaq: OSS).

Read more
LONDON | FRIDAY 18 JULY 2025
Sullivan Street Partners Agrees to Acquire Senior plc’s Aerostructures Business

Sullivan Street Partners, a UK-based private equity investor specialising in mid-market control buyouts, has reached a binding agreement to acquire the Aerostructures business of Senior plc in its largest deal to date for a total enterprise value of up to £200m.

Read more
FRANKFURT AM MAIN | THURSDAY 14 NOVEMBER 2024
roda Computer GmbH has been acquired by MilDef Group AB

Steen Associates acted as exclusive financial adviser to the shareholders of roda Computer GmbH, Germany on its sale to MilDef Group AB, Sweden.

Read more
FRANKFURT AM MAIN | WEDNESDAY 07 FEBRURY 2024
Steen Associates advises KNDS on cornerstone investment in successful Renk IPO

As part of the successful IPO of RENK AG, KNDS N.V. (KNDS), a leading European defense company founded in 2015 through the merger of Krauss-Maffei-Wegmann (KMW) and the French defense company Nexter Systems has subscribed to shares worth EUR 100 million as cornerstone investor.

Read more
FRANKFURT AM MAIN | THURSDAY 5 MARCH 2026
Steen Associates acted as exclusive financial adviser to HENSOLDT on its acquisition of Nedinsco

HENSOLDT has signed an agreement to acquire Dutch optronics specialist Nedinsco. Based in Venlo and Eindhoven (Netherlands), Nedinsco, founded in 1921, is a long-standing developer and manufacturer of electro-optical sensor systems.

Read more
LONDON | TUESDAY 3 MARCH 2026
Morvern Group on its sale to Precision Castparts Corp

Steen Associates acted as exclusive financial adviser to Morvern Group on its sale to Precision Castparts Corp. (PCC)

Read more
FRANKFURT AM MAIN | THURSDAY 22 JANUARY 2026
Exclusive financial adviser to Silver Investment Partners on its sale of Schüschke to Jamco Corporation

Steen Associates acted as exclusive financial adviser to Silver Investment Partners on its sale of Schüschke to Jamco Corporation, a Bain Capital portfolio company

Read more
LONDON | WEDNESDAY 31 DECEMBER 2025
Acquisition of Senior Aerostructures Division by Sullivan Street and the creation of Zenix completed

Sullivan Street Partners, a UK-based private equity investor specialising in mid-market control buyouts, has reached a binding agreement to acquire the Aerostructures business of Senior plc in its largest deal to date for a total enterprise value of up to £200m.

Read more
FRANKFURT AM MAIN | TUESDAY 30 DECEMBER 2025
Exclusive adviser to HIPER Global on its acquisition of Bressner Technology GmbH from One Stop Systems, Inc

Steen Associates acted as exclusive adviser to HIPER Global (through its German subsidiary Hiper Euro GmbH) on its acquisition of Bressner Technology GmbH (“Bressner”) from One Stop Systems, Inc. (“OSS”) (Nasdaq: OSS).

Read more
LONDON | FRIDAY 18 JULY 2025
Sullivan Street Partners Agrees to Acquire Senior plc’s Aerostructures Business

Sullivan Street Partners, a UK-based private equity investor specialising in mid-market control buyouts, has reached a binding agreement to acquire the Aerostructures business of Senior plc in its largest deal to date for a total enterprise value of up to £200m.

Read more
FRANKFURT AM MAIN | THURSDAY 14 NOVEMBER 2024
roda Computer GmbH has been acquired by MilDef Group AB

Steen Associates acted as exclusive financial adviser to the shareholders of roda Computer GmbH, Germany on its sale to MilDef Group AB, Sweden.

Read more
FRANKFURT AM MAIN | WEDNESDAY 07 FEBRURY 2024
Steen Associates advises KNDS on cornerstone investment in successful Renk IPO

As part of the successful IPO of RENK AG, KNDS N.V. (KNDS), a leading European defense company founded in 2015 through the merger of Krauss-Maffei-Wegmann (KMW) and the French defense company Nexter Systems has subscribed to shares worth EUR 100 million as cornerstone investor.

Read more
FRANKFURT AM MAIN | THURSDAY 5 MARCH 2026
Steen Associates acted as exclusive financial adviser to HENSOLDT on its acquisition of Nedinsco

HENSOLDT has signed an agreement to acquire Dutch optronics specialist Nedinsco. Based in Venlo and Eindhoven (Netherlands), Nedinsco, founded in 1921, is a long-standing developer and manufacturer of electro-optical sensor systems.

Read more
LONDON | TUESDAY 3 MARCH 2026
Morvern Group on its sale to Precision Castparts Corp

Steen Associates acted as exclusive financial adviser to Morvern Group on its sale to Precision Castparts Corp. (PCC)

Read more
FRANKFURT AM MAIN | THURSDAY 22 JANUARY 2026
Exclusive financial adviser to Silver Investment Partners on its sale of Schüschke to Jamco Corporation

Steen Associates acted as exclusive financial adviser to Silver Investment Partners on its sale of Schüschke to Jamco Corporation, a Bain Capital portfolio company

Read more
LONDON | WEDNESDAY 31 DECEMBER 2025
Acquisition of Senior Aerostructures Division by Sullivan Street and the creation of Zenix completed

Sullivan Street Partners, a UK-based private equity investor specialising in mid-market control buyouts, has reached a binding agreement to acquire the Aerostructures business of Senior plc in its largest deal to date for a total enterprise value of up to £200m.

Read more
FRANKFURT AM MAIN | TUESDAY 30 DECEMBER 2025
Exclusive adviser to HIPER Global on its acquisition of Bressner Technology GmbH from One Stop Systems, Inc

Steen Associates acted as exclusive adviser to HIPER Global (through its German subsidiary Hiper Euro GmbH) on its acquisition of Bressner Technology GmbH (“Bressner”) from One Stop Systems, Inc. (“OSS”) (Nasdaq: OSS).

Read more
LONDON | FRIDAY 18 JULY 2025
Sullivan Street Partners Agrees to Acquire Senior plc’s Aerostructures Business

Sullivan Street Partners, a UK-based private equity investor specialising in mid-market control buyouts, has reached a binding agreement to acquire the Aerostructures business of Senior plc in its largest deal to date for a total enterprise value of up to £200m.

Read more
FRANKFURT AM MAIN | THURSDAY 14 NOVEMBER 2024
roda Computer GmbH has been acquired by MilDef Group AB

Steen Associates acted as exclusive financial adviser to the shareholders of roda Computer GmbH, Germany on its sale to MilDef Group AB, Sweden.

Read more
FRANKFURT AM MAIN | WEDNESDAY 07 FEBRURY 2024
Steen Associates advises KNDS on cornerstone investment in successful Renk IPO

As part of the successful IPO of RENK AG, KNDS N.V. (KNDS), a leading European defense company founded in 2015 through the merger of Krauss-Maffei-Wegmann (KMW) and the French defense company Nexter Systems has subscribed to shares worth EUR 100 million as cornerstone investor.

Read more

Recent transactions

Defence
Logo of HENSOLDT AG
Logo of Nedinsco B.V.
Financial advisor to
HENSOLDT AG
on its acquisition of
Nedinsco B.V.

Pending

Read more

Aerospace
Logo of Movern Group
Logo of PCC
Financial advisor to
Movern Group
on its sale to
Precision Castparts Corp

March 2026

Read more

Aerospace
Logo of Silver Investment Partners
Logo of Schüschke Solid Solutions
Jamco
Bain Capital
Financial advisor to
Silver Investment Partners
on its sale of
Schüschke Solid Solutions

to

February 2026

Read more

Aerospace
Logo of Sullivan Street
Logo of Zenix Aerospace
Financial advisor to
Sullivan Street
on its acquisition of Senior Plc's
Senior Aerostructures division

December 2025

Read more

Defence
Logo of Hiper
Logo of Bressner
Adviser to
HIPER Global
on its acquisition of
Bressner Technology GmbH

from

Israel Flag
German Flag
December 2025

Read more

Defence
Logo of roda rugged IT & Electronics
Logo of Mildef
Financial advisor to
roda
on its sale to
Mildef

November 2024

Read more

Defence
Logo of KNDS
Logo of RENK
Financial advisor to
KNDS
as they act as cornerstone investor in the successful IPO of
RENK

February 2024

Read more

Defence
Logo of Rafael
Logo of Pearson Engineering
Responsive Engineering
Financial advisor to
Rafael Advanced Defence Systems
on its acquisition of
Pearson Engineering and Responsive Engineering

September 2022

Read more

Aerospace
Logo of Tarpey Harris
Logo of tarpey ceramics
Financial advisor to
Tarpey Harris
joint venture to create
Tarpey Harris Ceramic

August 2022

Read more

Industrials
Logo of UMS
Logo of expleo
Financial advisor to the shareholders of
UMS Consulting Gmbh & Co.
on its sale to
Expleo Group SAS

June 2022

Read more

Defence
Logo of Star Capital
Logo of Jenoptik
Financial advisor to
Star Capital
on its acquisition of
Vincorion from Jenoptik AG

June 2022

Read more

Industrials
Logo of Meigui BV
Logo of Lynch Group
Financial advisor to
Meigui BV
on sale of Vandenberg Asia to
Lynch Group and subsequent IPO

March 2021

Read more

Defence
Logo of WEGMANN
Logo of KNDS
KMW NEXTER Defense Systems
Strategic advice to
Wegmann Unternehmens-Holding
on the new corporate governance structure of
KNDS

December 2020

Read more

Aerospace
Logo of ecube
Logo of Baird Capital
Financial advisor to the shareholders of
eCube solutions
on its sale to
Baird Capital

August 2020

Read more

Defence
Logo of Drehtainer
Magnus Holding GmbH & Co. KG
Financial advisor to the shareholders of
Drehtainer GmbH
on its sale to
MAGNUS Holding GmbH & Co. KG

February 2020

Read more

Industrials
Logo of DESAY SV
Logo of Antennentechnik ABB Bad Blankenburg
Financial advisor to
Desay SV Automotive
on its acquisition of
Antennentechnik ABB Bad Blankenburg

March 2019

Read more

Aerospace
Logo of Morvern Group
Logo of Tarpey Harris
Financial advisor to
Morvern Group
on its acquisition of
Tarpey Harris Group

January 2019

Read more

Aerospace
Logo of Baird Capital
Logo of CAV Aerospace
Financial advisor to
Baird Capital
on its acquisition of
CAV Ice Protection

and

June 2017

Read more

Aerospace
Logo of Shaanxi Ligeance Mineral Resources
Logo of Gardner Aerospace
Financial advisor to
Shaanxi Ligeance Mineral Resources
on its acquisition of
Gardner Aerospace

June 2017

Read more

Industrials
Logo of Francotyp-Postalia Holding AG

Image Aspect Ratio

Set up the component by adding image to the component properties.

Debt advisor to
Francotyp-Postalia Holding AG
on its issue of a syndicate loan with an
International consortium of banks

June 2016

Read more

Industrials
Logo of Avingtrans plc
Logo of silverfleet cpital
Financial advisor to
Avingtrans plc
on its sale of Sigma to
Silverfleet Capital

May 2016

Read more

Defence
Logo of KMW
Logo of nexter
Financial advisor to
Krauss-Maffei Wegmann
on its merger with
Nexter Systems

December 2015

Read more

Aerospace
Logo of Firstmark
Logo of H-D Advanced Manufacturing
Financial advisor to
Firstmark
on its cash merger with
H-D Advanced Manufacturing

June 2015

Read more

Industrials
Logo of Jenoptik
Logo of Vysionics
Financial advisor to
Jenoptik AG
on its acquisition of
Vysionics

November 2015

Read more

Industrials
Logo of Vignal Systems
Logo of  Eurazeo PME
Financial advisor to
Vignal Systems
on its sale to
Eurazeo PME

February 2014

Read more

Aerospace
Logo of Interturbine Aviation Logistics
Logo of B/E Aerospace
Financial advisor on the sale of
Interturbine Aviation Logistics
and related activities to
B/E Aerospace

July 2012

Read more

Defence
Logo of KMW
Logo of WFEL
Financial advisor to
Krauss-Maffei Wegmann
on its acquisition of
WFEL

May 2012

Read more

Aerospace
Logo of Satair Group
Logo of Airbus
Financial advisor to
Satair A/S
on the sale of its entire share capital to
Airbus

October 2011

Read more

Aerospace
Logo of Bridgepoint
Logo of Shimtech
Financial advisor to
Bridgepoint Development Capital
on its acquisition of
Shimtech Industries

October 2011

Read more

Aerospace
Logo of Satair Group
Logo of B/E Aerospace
Financial advisor to
Satair A/S
on the sale of its OEM Activities to
B/E Aerospace

October 2010

Read more

Industrials
Logo of Hampson
Logo of GIL Investments
Financial advisor to
Hampson Precision Automotive
on its sale to
Gil Investments

June 2010

Read more

Aerospace
Logo of Hampson
Logo of DARWIN Private Equity
Financial advisor to
Hampson Aerospace Machining
on its sale to
Darwin Private Equity

August 2009

Read more

Aerospace
Logo of 3i
Logo of Transtech Airport Systems
Financial advisor to
3i and the other capital shareholders
on the restructuring & sale of
Transtech Airport Solutions

to

December 2008

Read more

Aerospace
Logo of Gardner Aerospace
Logo of The Carlyle Group
Joint financial advisors to the shareholder of
Gardner
on its sale to
The Carlyle Group

November 2008

Read more

Industrials
Logo of nvm private equity
Logo of product support limited
Wincanton
Financial advisor to
NVM Private Equity
on the sale of
Product Support Limited

to

May 2008

Read more

Aerospace
Logo of Stirling Square Capital Partners
Logo of  Global Design Technology
Bridgepoint Private Equity
Financial advisor to
Stirling Square Capital Partners
on the sale of
Global Design Technologies

to

August 2007

Read more

Industrials
Logo of THALES
Logo of Sanef
Financial advisor to
Thales Group
on the sale of
Thales Telematics SAS

to

March 2007

Read more

Industries
Logo of THALES
Logo of Cybit
Financial advisor to
Thales Group
on the sales of Thales Telematics plc to
Cybit

February 2007

Read more

Aerospace
Logo of Satair Group
Logo of TPA Pte Ltd
Financial advisor to
Satair A/S
on its acquisition of
TPA Pte Ltd

May 2006

Read more

Defence
Logo of J.F. Lehman & Co
Logo of Racal Acoustics
eci
Financial advisor to
J.F. Lehman & Co and other shareholders
on the sale of Racal Acoustics to
ECI Partners

August 2005

Read more

Industrials
Logo of Murray Internationals Metals
Logo of Jefferies
Edgen
Financial advisor to
Murray International Metals
on its sale to
Jefferies and Edgen Corporation

December 2005

Read more

Aerospace
Logo of Satair Group
Logo of PALL
Financial advisor to
Satair A/S
on its acquisition of
Pall Corporation's American Distribution Activities

November 2005

Read more

Defence
Logo of ESL Defence
Logo of AAI
Financial advisor to
ESL Defence
on its sale to
AAI Corporation

April 2005

Read more

Defence
Logo of HENSOLDT AG
Logo of Nedinsco B.V.
Financial advisor to
HENSOLDT AG
on its acquisition of
Nedinsco B.V.

Pending

Read more

Aerospace
Logo of Movern Group
Logo of PCC
Financial advisor to
Movern Group
on its sale to
Precision Castparts Corp

March 2026

Read more

Aerospace
Logo of Silver Investment Partners
Logo of Schüschke Solid Solutions
Jamco
Bain Capital
Financial advisor to
Silver Investment Partners
on its sale of
Schüschke Solid Solutions

to

February 2026

Read more

Aerospace
Logo of Sullivan Street
Logo of Zenix Aerospace
Financial advisor to
Sullivan Street
on its acquisition of Senior Plc's
Senior Aerostructures division

December 2025

Read more

Defence
Logo of Hiper
Logo of Bressner
Adviser to
HIPER Global
on its acquisition of
Bressner Technology GmbH

from

Israel Flag
German Flag
December 2025

Read more

Defence
Logo of roda rugged IT & Electronics
Logo of Mildef
Financial advisor to
roda
on its sale to
Mildef

November 2024

Read more

Defence
Logo of KNDS
Logo of RENK
Financial advisor to
KNDS
as they act as cornerstone investor in the successful IPO of
RENK

February 2024

Read more

Defence
Logo of Rafael
Logo of Pearson Engineering
Responsive Engineering
Financial advisor to
Rafael Advanced Defence Systems
on its acquisition of
Pearson Engineering and Responsive Engineering

September 2022

Read more

Aerospace
Logo of Tarpey Harris
Logo of tarpey ceramics
Financial advisor to
Tarpey Harris
joint venture to create
Tarpey Harris Ceramic

August 2022

Read more

Industrials
Logo of UMS
Logo of expleo
Financial advisor to the shareholders of
UMS Consulting Gmbh & Co.
on its sale to
Expleo Group SAS

June 2022

Read more

Defence
Logo of Star Capital
Logo of Jenoptik
Financial advisor to
Star Capital
on its acquisition of
Vincorion from Jenoptik AG

June 2022

Read more

Industrials
Logo of Meigui BV
Logo of Lynch Group
Financial advisor to
Meigui BV
on sale of Vandenberg Asia to
Lynch Group and subsequent IPO

March 2021

Read more

Defence
Logo of WEGMANN
Logo of KNDS
KMW NEXTER Defense Systems
Strategic advice to
Wegmann Unternehmens-Holding
on the new corporate governance structure of
KNDS

December 2020

Read more

Aerospace
Logo of ecube
Logo of Baird Capital
Financial advisor to the shareholders of
eCube solutions
on its sale to
Baird Capital

August 2020

Read more

Defence
Logo of Drehtainer
Magnus Holding GmbH & Co. KG
Financial advisor to the shareholders of
Drehtainer GmbH
on its sale to
MAGNUS Holding GmbH & Co. KG

February 2020

Read more

Industrials
Logo of DESAY SV
Logo of Antennentechnik ABB Bad Blankenburg
Financial advisor to
Desay SV Automotive
on its acquisition of
Antennentechnik ABB Bad Blankenburg

March 2019

Read more

Aerospace
Logo of Morvern Group
Logo of Tarpey Harris
Financial advisor to
Morvern Group
on its acquisition of
Tarpey Harris Group

January 2019

Read more

Aerospace
Logo of Baird Capital
Logo of CAV Aerospace
Financial advisor to
Baird Capital
on its acquisition of
CAV Ice Protection

and

June 2017

Read more

Aerospace
Logo of Shaanxi Ligeance Mineral Resources
Logo of Gardner Aerospace
Financial advisor to
Shaanxi Ligeance Mineral Resources
on its acquisition of
Gardner Aerospace

June 2017

Read more

Industrials
Logo of Francotyp-Postalia Holding AG

Image Aspect Ratio

Set up the component by adding image to the component properties.

Debt advisor to
Francotyp-Postalia Holding AG
on its issue of a syndicate loan with an
International consortium of banks

June 2016

Read more

Industrials
Logo of Avingtrans plc
Logo of silverfleet cpital
Financial advisor to
Avingtrans plc
on its sale of Sigma to
Silverfleet Capital

May 2016

Read more

Defence
Logo of KMW
Logo of nexter
Financial advisor to
Krauss-Maffei Wegmann
on its merger with
Nexter Systems

December 2015

Read more

Aerospace
Logo of Firstmark
Logo of H-D Advanced Manufacturing
Financial advisor to
Firstmark
on its cash merger with
H-D Advanced Manufacturing

June 2015

Read more

Industrials
Logo of Jenoptik
Logo of Vysionics
Financial advisor to
Jenoptik AG
on its acquisition of
Vysionics

November 2015

Read more

Industrials
Logo of Vignal Systems
Logo of  Eurazeo PME
Financial advisor to
Vignal Systems
on its sale to
Eurazeo PME

February 2014

Read more

Aerospace
Logo of Interturbine Aviation Logistics
Logo of B/E Aerospace
Financial advisor on the sale of
Interturbine Aviation Logistics
and related activities to
B/E Aerospace

July 2012

Read more

Defence
Logo of KMW
Logo of WFEL
Financial advisor to
Krauss-Maffei Wegmann
on its acquisition of
WFEL

May 2012

Read more

Aerospace
Logo of Satair Group
Logo of Airbus
Financial advisor to
Satair A/S
on the sale of its entire share capital to
Airbus

October 2011

Read more

Aerospace
Logo of Bridgepoint
Logo of Shimtech
Financial advisor to
Bridgepoint Development Capital
on its acquisition of
Shimtech Industries

October 2011

Read more

Aerospace
Logo of Satair Group
Logo of B/E Aerospace
Financial advisor to
Satair A/S
on the sale of its OEM Activities to
B/E Aerospace

October 2010

Read more

Industrials
Logo of Hampson
Logo of GIL Investments
Financial advisor to
Hampson Precision Automotive
on its sale to
Gil Investments

June 2010

Read more

Aerospace
Logo of Hampson
Logo of DARWIN Private Equity
Financial advisor to
Hampson Aerospace Machining
on its sale to
Darwin Private Equity

August 2009

Read more

Aerospace
Logo of 3i
Logo of Transtech Airport Systems
Financial advisor to
3i and the other capital shareholders
on the restructuring & sale of
Transtech Airport Solutions

to

December 2008

Read more

Aerospace
Logo of Gardner Aerospace
Logo of The Carlyle Group
Joint financial advisors to the shareholder of
Gardner
on its sale to
The Carlyle Group

November 2008

Read more

Industrials
Logo of nvm private equity
Logo of product support limited
Wincanton
Financial advisor to
NVM Private Equity
on the sale of
Product Support Limited

to

May 2008

Read more

Aerospace
Logo of Stirling Square Capital Partners
Logo of  Global Design Technology
Bridgepoint Private Equity
Financial advisor to
Stirling Square Capital Partners
on the sale of
Global Design Technologies

to

August 2007

Read more

Industrials
Logo of THALES
Logo of Sanef
Financial advisor to
Thales Group
on the sale of
Thales Telematics SAS

to

March 2007

Read more

Industries
Logo of THALES
Logo of Cybit
Financial advisor to
Thales Group
on the sales of Thales Telematics plc to
Cybit

February 2007

Read more

Aerospace
Logo of Satair Group
Logo of TPA Pte Ltd
Financial advisor to
Satair A/S
on its acquisition of
TPA Pte Ltd

May 2006

Read more

Defence
Logo of J.F. Lehman & Co
Logo of Racal Acoustics
eci
Financial advisor to
J.F. Lehman & Co and other shareholders
on the sale of Racal Acoustics to
ECI Partners

August 2005

Read more

Industrials
Logo of Murray Internationals Metals
Logo of Jefferies
Edgen
Financial advisor to
Murray International Metals
on its sale to
Jefferies and Edgen Corporation

December 2005

Read more

Aerospace
Logo of Satair Group
Logo of PALL
Financial advisor to
Satair A/S
on its acquisition of
Pall Corporation's American Distribution Activities

November 2005

Read more

Defence
Logo of ESL Defence
Logo of AAI
Financial advisor to
ESL Defence
on its sale to
AAI Corporation

April 2005

Read more

Defence
Logo of HENSOLDT AG
Logo of Nedinsco B.V.
Financial advisor to
HENSOLDT AG
on its acquisition of
Nedinsco B.V.

Pending

Read more

Aerospace
Logo of Movern Group
Logo of PCC
Financial advisor to
Movern Group
on its sale to
Precision Castparts Corp

March 2026

Read more

Aerospace
Logo of Silver Investment Partners
Logo of Schüschke Solid Solutions
Jamco
Bain Capital
Financial advisor to
Silver Investment Partners
on its sale of
Schüschke Solid Solutions

to

February 2026

Read more

Aerospace
Logo of Sullivan Street
Logo of Zenix Aerospace
Financial advisor to
Sullivan Street
on its acquisition of Senior Plc's
Senior Aerostructures division

December 2025

Read more

Defence
Logo of Hiper
Logo of Bressner
Adviser to
HIPER Global
on its acquisition of
Bressner Technology GmbH

from

Israel Flag
German Flag
December 2025

Read more

Defence
Logo of roda rugged IT & Electronics
Logo of Mildef
Financial advisor to
roda
on its sale to
Mildef

November 2024

Read more

Defence
Logo of KNDS
Logo of RENK
Financial advisor to
KNDS
as they act as cornerstone investor in the successful IPO of
RENK

February 2024

Read more

Defence
Logo of Rafael
Logo of Pearson Engineering
Responsive Engineering
Financial advisor to
Rafael Advanced Defence Systems
on its acquisition of
Pearson Engineering and Responsive Engineering

September 2022

Read more

Aerospace
Logo of Tarpey Harris
Logo of tarpey ceramics
Financial advisor to
Tarpey Harris
joint venture to create
Tarpey Harris Ceramic

August 2022

Read more

Industrials
Logo of UMS
Logo of expleo
Financial advisor to the shareholders of
UMS Consulting Gmbh & Co.
on its sale to
Expleo Group SAS

June 2022

Read more

Defence
Logo of Star Capital
Logo of Jenoptik
Financial advisor to
Star Capital
on its acquisition of
Vincorion from Jenoptik AG

June 2022

Read more

Industrials
Logo of Meigui BV
Logo of Lynch Group
Financial advisor to
Meigui BV
on sale of Vandenberg Asia to
Lynch Group and subsequent IPO

March 2021

Read more

Defence
Logo of WEGMANN
Logo of KNDS
KMW NEXTER Defense Systems
Strategic advice to
Wegmann Unternehmens-Holding
on the new corporate governance structure of
KNDS

December 2020

Read more

Aerospace
Logo of ecube
Logo of Baird Capital
Financial advisor to the shareholders of
eCube solutions
on its sale to
Baird Capital

August 2020

Read more

Defence
Logo of Drehtainer
Magnus Holding GmbH & Co. KG
Financial advisor to the shareholders of
Drehtainer GmbH
on its sale to
MAGNUS Holding GmbH & Co. KG

February 2020

Read more

Industrials
Logo of DESAY SV
Logo of Antennentechnik ABB Bad Blankenburg
Financial advisor to
Desay SV Automotive
on its acquisition of
Antennentechnik ABB Bad Blankenburg

March 2019

Read more

Aerospace
Logo of Morvern Group
Logo of Tarpey Harris
Financial advisor to
Morvern Group
on its acquisition of
Tarpey Harris Group

January 2019

Read more

Aerospace
Logo of Baird Capital
Logo of CAV Aerospace
Financial advisor to
Baird Capital
on its acquisition of
CAV Ice Protection

and

June 2017

Read more

Aerospace
Logo of Shaanxi Ligeance Mineral Resources
Logo of Gardner Aerospace
Financial advisor to
Shaanxi Ligeance Mineral Resources
on its acquisition of
Gardner Aerospace

June 2017

Read more

Industrials
Logo of Francotyp-Postalia Holding AG

Image Aspect Ratio

Set up the component by adding image to the component properties.

Debt advisor to
Francotyp-Postalia Holding AG
on its issue of a syndicate loan with an
International consortium of banks

June 2016

Read more

Industrials
Logo of Avingtrans plc
Logo of silverfleet cpital
Financial advisor to
Avingtrans plc
on its sale of Sigma to
Silverfleet Capital

May 2016

Read more

Defence
Logo of KMW
Logo of nexter
Financial advisor to
Krauss-Maffei Wegmann
on its merger with
Nexter Systems

December 2015

Read more

Aerospace
Logo of Firstmark
Logo of H-D Advanced Manufacturing
Financial advisor to
Firstmark
on its cash merger with
H-D Advanced Manufacturing

June 2015

Read more

Industrials
Logo of Jenoptik
Logo of Vysionics
Financial advisor to
Jenoptik AG
on its acquisition of
Vysionics

November 2015

Read more

Industrials
Logo of Vignal Systems
Logo of  Eurazeo PME
Financial advisor to
Vignal Systems
on its sale to
Eurazeo PME

February 2014

Read more

Aerospace
Logo of Interturbine Aviation Logistics
Logo of B/E Aerospace
Financial advisor on the sale of
Interturbine Aviation Logistics
and related activities to
B/E Aerospace

July 2012

Read more

Defence
Logo of KMW
Logo of WFEL
Financial advisor to
Krauss-Maffei Wegmann
on its acquisition of
WFEL

May 2012

Read more

Aerospace
Logo of Satair Group
Logo of Airbus
Financial advisor to
Satair A/S
on the sale of its entire share capital to
Airbus

October 2011

Read more

Aerospace
Logo of Bridgepoint
Logo of Shimtech
Financial advisor to
Bridgepoint Development Capital
on its acquisition of
Shimtech Industries

October 2011

Read more

Aerospace
Logo of Satair Group
Logo of B/E Aerospace
Financial advisor to
Satair A/S
on the sale of its OEM Activities to
B/E Aerospace

October 2010

Read more

Industrials
Logo of Hampson
Logo of GIL Investments
Financial advisor to
Hampson Precision Automotive
on its sale to
Gil Investments

June 2010

Read more

Aerospace
Logo of Hampson
Logo of DARWIN Private Equity
Financial advisor to
Hampson Aerospace Machining
on its sale to
Darwin Private Equity

August 2009

Read more

Aerospace
Logo of 3i
Logo of Transtech Airport Systems
Financial advisor to
3i and the other capital shareholders
on the restructuring & sale of
Transtech Airport Solutions

to

December 2008

Read more

Aerospace
Logo of Gardner Aerospace
Logo of The Carlyle Group
Joint financial advisors to the shareholder of
Gardner
on its sale to
The Carlyle Group

November 2008

Read more

Industrials
Logo of nvm private equity
Logo of product support limited
Wincanton
Financial advisor to
NVM Private Equity
on the sale of
Product Support Limited

to

May 2008

Read more

Aerospace
Logo of Stirling Square Capital Partners
Logo of  Global Design Technology
Bridgepoint Private Equity
Financial advisor to
Stirling Square Capital Partners
on the sale of
Global Design Technologies

to

August 2007

Read more

Industrials
Logo of THALES
Logo of Sanef
Financial advisor to
Thales Group
on the sale of
Thales Telematics SAS

to

March 2007

Read more

Industries
Logo of THALES
Logo of Cybit
Financial advisor to
Thales Group
on the sales of Thales Telematics plc to
Cybit

February 2007

Read more

Aerospace
Logo of Satair Group
Logo of TPA Pte Ltd
Financial advisor to
Satair A/S
on its acquisition of
TPA Pte Ltd

May 2006

Read more

Defence
Logo of J.F. Lehman & Co
Logo of Racal Acoustics
eci
Financial advisor to
J.F. Lehman & Co and other shareholders
on the sale of Racal Acoustics to
ECI Partners

August 2005

Read more

Industrials
Logo of Murray Internationals Metals
Logo of Jefferies
Edgen
Financial advisor to
Murray International Metals
on its sale to
Jefferies and Edgen Corporation

December 2005

Read more

Aerospace
Logo of Satair Group
Logo of PALL
Financial advisor to
Satair A/S
on its acquisition of
Pall Corporation's American Distribution Activities

November 2005

Read more

Defence
Logo of ESL Defence
Logo of AAI
Financial advisor to
ESL Defence
on its sale to
AAI Corporation

April 2005

Read more

Defence
Logo of HENSOLDT AG
Logo of Nedinsco B.V.
Financial advisor to
HENSOLDT AG
on its acquisition of
Nedinsco B.V.
Pending

Read more

Aerospace
Logo of Movern Group
Logo of PCC
Financial advisor to
Movern Group
on its sale to
Precision Castparts Corp
March 2026

Read more

Aerospace
Logo of Silver Investment Partners
Logo of Schüschke Solid Solutions
Financial advisor to
Silver Investment Partners
on its sale of
Schüschke Solid Solutions
February 2026

Read more

Aerospace
Logo of Sullivan Street
Logo of Zenix Aerospace
Financial advisor to
Sullivan Street
on its acquisition of Senior Plc's
Senior Aerostructures division
December 2025

Read more

Defence
Logo of Hiper
Logo of Bressner
Adviser to
HIPER Global
on its acquisition of
Bressner Technology GmbH
Israel Flag
Israel Flag
German Flag
German Flag
December 2025

Read more

Defence
Logo of roda rugged IT & Electronics
Logo of Mildef
Financial advisor to
roda
on its sale to
Mildef
November 2024

Read more

Defence
Logo of KNDS
Logo of RENK
Financial advisor to
KNDS
as they act as cornerstone investor in the successful IPO of
RENK
February 2024

Read more

Defence
Logo of Rafael
Logo of Pearson Engineering
Financial advisor to
Rafael Advanced Defence Systems
on its acquisition of
Pearson Engineering and Responsive Engineering
September 2022

Read more

Our services

Sell side

Our relationship-driven sell-side services help directors, shareholders, business owners and other investors in companies within the aerospace & defence and industrials sectors realise the value of their businesses.

Buy side

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Restructuring

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Capital markets

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Fundraising

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

0%

Our clients

Large corporations

Strategic support for complex cross-border transactions, portfolio optimization and long-term value creation.

Private equity firms

Partnership across the investment lifecycle, including acquisitions, exits and strategic value creation.

Mid-market companies

Tailored guidance on M&A, capital raising and growth initiatives to help businesses scale.

Family offices

Comprehensive support in evaluating opportunities, structuring investments and preserving multi-generational value.

Governments

Advisory services for defence, security and industrial engagements requiring discretion, technical insight and sector expertise.

Early & growth stage companies

Strategic and financial guidance to refine business models, attract capital and accelerate expansion.

Large corporations

Strategic support for complex cross-border transactions, portfolio optimization and long-term value creation.

Private equity firms

Partnership across the investment lifecycle, including acquisitions, exits and strategic value creation.

Mid-market companies

Tailored guidance on M&A, capital raising and growth initiatives to help businesses scale.

Family offices

Comprehensive support in evaluating opportunities, structuring investments and preserving multi-generational value.

Governments

Advisory services for defence, security and industrial engagements requiring discretion, technical insight and sector expertise.

Early & growth stage companies

Strategic and financial guidance to refine business models, attract capital and accelerate expansion.

Large corporations

Strategic support for complex cross-border transactions, portfolio optimization and long-term value creation.

Governments

Advisory services for defence, security and industrial engagements requiring discretion, technical insight and sector expertise.

Family offices

Comprehensive support in evaluating opportunities, structuring investments and preserving multi-generational value.

Mid-market companies

Tailored guidance on M&A, capital raising and growth initiatives to help businesses scale.

Private equity firms

Partnership across the investment lifecycle, including acquisitions, exits and strategic value creation.

Early & growth stage companies

Strategic and financial guidance to refine business models, attract capital and accelerate expansion.

Our clients

Large corporations

Strategic support for complex cross-border transactions, portfolio optimization and long-term value creation.

Mid market companies

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Government

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Private capital firms

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Family offices

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Early & growth stage companies

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Two professionals shaking hands representing the firm's M&A and capital markets advisory relationships across Europe

About us

We are a leading European mergers & acquisition and capital markets advisor specialising in aerospace & defence, and industrial sectors.

Our clients include international corporations, listed companies, owner-managed businesses and private equity firms seeking to invest in or exit from businesses in the international aerospace & defence and industrials sectors. They value our long-standing collective experience, the depth of our industry knowledge and contacts and our relationship-driven approach to mergers and acquisitions.

About us

We are a leading European mergers & acquisition and capital markets advisor specialising in aerospace & defence, and industrial sectors.

Our clients include international corporations, listed companies, owner-managed businesses and private equity firms seeking to invest in or exit from businesses in the international aerospace & defence and industrials sectors. They value our long-standing collective experience, the depth of our industry knowledge and contacts and our relationship-driven approach to mergers and acquisitions.

About us

We are a leading European mergers & acquisition and capital markets advisor specialising in aerospace & defence, and industrial sectors.

Our clients include international corporations, listed companies, owner-managed businesses and private equity firms seeking to invest in or exit from businesses in the international aerospace & defence and industrials sectors. They value our long-standing collective experience, the depth of our industry knowledge and contacts and our relationship-driven approach to mergers and acquisitions.

Steen Associates Limited is authorised and regulated by the Financial Conduct Authority.
© Copyright Steen Associates. All rights reserved.

Steen Associates Limited is authorised and regulated by the Financial Conduct Authority.
© Copyright Steen Associates. All rights reserved.

Steen Associates Limited is authorised and regulated by the Financial Conduct Authority.
© Copyright Steen Associates. All rights reserved.

Steen Associates Limited is authorised and regulated by the Financial Conduct Authority.
© Copyright Steen Associates. All rights reserved.

Our services

Sell side

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Buy side

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Restructuring

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Capital markets

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

Fundraising

Lorem ipsum dolor sit amet consectetur. Leo eget etiam pellentesque at et mattis consequat neque sit. Eros enim nisl felis nisl convallis tortor volutpat.

0%
people sitting on chair in front of table while holding pens during daytime
people sitting on chair in front of table while holding pens during daytime

About us

With over two decades of experience, Steen Associates has grown into one of Europe’s most trusted M&A firm in defence & industrial manufacturing sector.

Our clients include international corporations, listed companies, owner-managed businesses and private equity firms seeking to invest in or exit from businesses in the international aerospace & defence and industrials sectors. They value our long-standing collective experience, the depth of our industry knowledge and contacts and our relationship-driven approach to mergers and acquisitions.

Steen Associates

Steen Associates