Advent completes £4 billion takeover of Cobham

LONDON, January 22, 2020 – Advent International (“Advent”), one of the largest and most experienced global private equity investors, has further demonstrated its long-term commitment to investing in the UK with the completion of its £4 billion takeover of Cobham plc.

Founded by Sir Alan Cobham in 1934, Cobham is a leading global defence and aerospace company, with approximately 10,000 employees around the world, and operations in North America, Europe, Australia and South Africa.

The Cobham investment is made by Advent’s $17.5 billion private equity fund raised in 2019. Advent is a global firm, with a track record of more than 350 investments across 41 countries. Since the firm opened its London office in 1989, it has invested almost £4.6 billion in 40 British businesses. Cobham is the firm’s third major public-to-private transaction in recent years, following the successful acquisitions of Brammer plc and Laird plc in 2017 and 2018, respectively.

Shonnel Malani, partner at Advent, said: “Advent is proud to build on our strong track record of UK investment as we take this historic company forward, on the next chapter of its development. We have strong conviction in Cobham’s businesses and look forward to delivering on each one’s full potential, for the benefit of customers, suppliers and employees around the world.”

The takeover has obtained approval from regulators in the UK, US, France, Australia and Finland, following a 93 per cent vote in favour of the deal by its shareholders. The transaction has also received unanimous support from the company’s Board of Directors from the outset. Cobham’s shares have been delisted from the London Stock Exchange, where it was a constituent of the FTSE 250 index.


Cobham offers an innovative range of technologies and services to solve challenging problems in commercial, defence and security markets, from deep space to the depths of the ocean. The company employs around 10,000 people primarily in the USA, UK, Europe and Australia, and have customers and partners in over 100 countries, with market leading positions in: wireless, audio, video and data communications, including satellite communications; defence electronics; air-to-air refuelling; aviation services; life support and mission equipment.

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Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 350 private equity transactions in 41 countries, and as of September 30, 2019, had €51.9 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of over 200 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. After 35 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

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