NEW YORK – November 7, 2017 – Seabury Capital LLC (“Seabury Capital”) today announced that its Aerospace & Defense M&A Advisory unit has successfully advised on the sale of Tecnologie Industriali e Aeronautiche S.p.A. (“TI&A”) to Elettronica Aster S.p.A. (“Elettronica Aster”) through the purchase of a controlling stake. TI&A is a designer and manufacturer of high-temperature thermal and acoustic insulation solutions for Aerospace & Defense (“A&D”) applications. Elettronica Aster is a manufacturer of engineered products for the A&D industry. Both companies’ manufacturing operations are based in Italy.
TI&A’s owners, the Brambilla family, will continue to take a very active role in the business through the retention of a minority shareholding, with Massimo Brambilla, the current CEO, continuing to lead the company. This acquisition further consolidates the Italian A&D supply chain and is expected to generate synergies that will benefit both TI&A’s new owners and its customers, most notably Leonardo, TI&A’s major customer.
Seabury Capital’s Aerospace & Defense M&A Advisory team, which is based in London and is led by Antares Reis, advised and assisted TI&A and its shareholders on the divestment process.
“Antares’s knowledge of the industry and his access to senior-level contacts within the buyer community proved essential in identifying the very best acquirer for our company,” commented TI&A Chief Executive Officer Massimo Brambilla. “I am delighted to recommend Seabury Capital as a highly knowledgeable and very professional team of M&A advisers.”
Patrick Henry Dowling, Global Head of Seabury Investment Banking, said: “TI&A’s successful sale demonstrates once more Seabury Capital’s commitment to working with clients over the long run to deliver the best possible results. Our team’s strong track record in the A&D sector, as well as our broad network in the industry, secured a great outcome for TI&A’s shareholders and an excellent acquisition for Elettronica Aster.”
Seabury Capital’s businesses address five principal areas:
- Investment Banking (Aviation, A&D and Maritime)
- Financial Asset Management and Principal Investments
- Aircraft Technical Asset Management, Aircraft and Engines Inspections, Aircraft Register and Aviation Regulatory Government Services
- Financial Services, Trading + Payment Plan Provider Platforms/Technologies
- IT, Enterprise Software and Proprietary Technologies
ABOUT SEABURY CAPITAL
Seabury Capital LLC (“Seabury Capital”) operates a number of specialty finance, investment banking, technology and software companies with a core focus anchored in aviation, aerospace & defense, maritime, and financial services/technology. Since its founding in 1996, Seabury Capital has historically been the investment holding company of its founder, John E. Luth, operating as a venture capital firm with ownership stakes in software and asset management businesses servicing the aviation and travel industries. Within the last few years, Seabury Capital has expanded its portfolio by investing in early stage startup companies within the financial technology industry and structured investment products. In addition, Seabury Capital owns and operates FINRA regulated investment banking services firms in the U.S. and FSA regulated investment banking in the U.K. serving external clients as well as assisting the companies in which Seabury Capital has invested. Seabury Capital has operations in New York, Jersey City, Summit (NJ), Los Angeles, Minneapolis, Stamford (CT), Amsterdam, Berlin, Cordoba, Dublin, Durban, Hong Kong, London, Manila, Singapore, and Tokyo. www.seaburycapital.com