Aerospace
Baird Capital on its acquisition of CAV Ice Protection and CAV Advanced Technologies
Background
Baird Capital has acquired a majority interest in CAV Ice Protection Limited and CAV Advanced Technologies Ltd (together, CAV). Steen Associates provided financial advisory services to CAV, including a strategic review, in connection with the transaction.
About the transaction
The investment by Baird Capital supports CAV’s next phase of innovation and growth across aviation and aerospace markets. Commenting on the transaction, James Benfield, Partner at Baird Capital, highlighted CAV’s strong focus on safety and efficiency, its leading positions in ice protection and drag reduction technologies, and the strategic fit with Baird Capital’s investment approach. CAV CEO Owen MacFarlane noted that Baird Capital’s global resources and expertise will support future innovation and accelerate market penetration.
About the client
CAV is a leading provider of ice protection and drag reduction technologies serving general aviation, commercial aerospace and defence markets worldwide. Headquartered in Consett, County Durham, the company’s proprietary ice protection systems address critical safety challenges across multiple aerospace segments. CAV is also a technology and manufacturing partner to major commercial OEMs for hybrid laminar flow control (HLFC) drag reduction systems, positioning it as a recognised technology leader in the aviation and aerospace industry.
Date:
June 2017
Service:
Buy side
Size:
Undisclosed
Deal locations:
