AGIC Capital Acquires Majority Stake in Farsound
July 15, 2019
AGIC Capital has acquired a majority stake in Farsound Limited from Rubicon Partners at an enterprise value of £115 million, with Farsound management (led by Kevin Sargent) investing alongside AGIC. Farsound is a UK-headquartered, technology-enabled supply chain provider for aircraft engine MROs; AGIC will support the company's international expansion, particularly across Asia, with financing provided by BlackRock, HSBC and Investec.
- Buyers
- AGIC Capital, Management of Farsound (led by Kevin Sargent)
- Targets
- Farsound Limited
- Sellers
- Rubicon Partners
- Industry
- Aerospace & Defense
- Location
- England, United Kingdom
- Transaction Type
- Buyout
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