Defence
Rafael Advanced Defense Systems on its acquisition of Pearson Engineering and Responsive Engineering
Background
Rafael, a leading global defence and security company specializing in systems to counter threats from air, land and sea, has acquired Pearson Engineering and Responsive Engineering for an undisclosed sum. Steen Associates acted as exclusive financial advisor to Rafael on this transaction.
About the transaction
Steen Associates conducted a detailed strategic assessment of potential targets within the EU and UK, ultimately leading to the selection and acquisition of Pearson Engineering and Responsive Engineering. Steen led the transaction process for Rafael, including deal structuring and negotiation on Rafael’s behalf.
About the client
Rafael is one of the world’s pre-eminent suppliers of advanced defence systems, headquartered in Haifa, Israel. The acquired companies, Pearson Engineering and Responsive Engineering, are based in Newcastle upon Tyne in the UK and manufacture a range of heavy equipment focused on mine clearance and detection, as well as defensive products for land systems.
Date:
September 2022
Service:
Buy side
Size:
£160m
Deal locations:
