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McGladrey Capital Markets Leads Negotiations as Cobham Acquires Trivec-Avant

Dépèche transmise le 26 septembre 2011 par Business Wire

COSTA MESA, Calif.--(BUSINESS WIRE)--Trivec-Avant, a leading global supplier of elite satellite communication antenna systems for land, sea and air platforms, based in Huntington Beach, California, has been acquired by Cobham plc, an international company engaged in the development, delivery and support of leading edge aerospace and defense technology and systems headquartered in the United Kingdom.

“The trend in the Intelligence, Surveillance and Reconnaissance (ISR) space consistently moves toward greater interconnection between assets on the move, and the antenna is a key piece enabling the network-centric battlefields of today and tomorrow”

Trivec-Avant is a technology leader in Ultra High Frequency (UHF) and steerable antennas that interface with multiple bandwidths and waveforms. Trivec-Avant has an established relationship as a significant provider of antenna technology for the U.S. military and is a Foreign Military Sales (FMS) exporter.

McGladrey Capital Markets LLC initiated the cross-border transaction, sourced the acquirer and acted as the exclusive financial advisor to Trivec-Avant. Cobham will acquire Trivec-Avant for up to $144 million. The acquisition is pending Hart-Scott-Rodino and CFIUS approval and is expected to be completed during the fourth quarter of 2011.

“The trend in the Intelligence, Surveillance and Reconnaissance (ISR) space consistently moves toward greater interconnection between assets on the move, and the antenna is a key piece enabling the network-centric battlefields of today and tomorrow,” said Paul Weisbrich, senior managing director of McGladrey Capital Markets’ Aerospace, Defense and Government Services Group. “This transaction underscores that the aerospace and defense base in Southern California remains attractive to foreign buyers. This is the 6^th acquisition Cobham has made in the region.”

About Trivec-Avant

Trivec-Avant Corporation is the leader in design and manufacturing of advanced antenna systems for U.S. and foreign militaries. For decades, Trivec-Avant antennas have provided warfighters all over the globe with the most reliable and durable performance in the most demanding of environments.

About Cobham

Cobham specializes in meeting the insatiable demand for data, connectivity and bandwidth in defense, security and commercial environments. Offering a technically diverse and innovative range of technologies and services, the Group protects lives and livelihoods, responding to customer needs with agility that differentiates it. The most important thing we build is trust. Employing more than 11,000 people on five continents, the Group has customers and partners in over 100 countries, with annual revenue of some £1.9bn / US$3 billion.

About McGladrey Capital Markets

McGladrey Capital Markets LLC (www.mcgladreycm.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm’s services include mergers, acquisitions, divestitures, recapitalizations, capital raising, fairness opinions and restructurings. McGladrey Capital Markets, which offers in-depth expertise in many distinct industry sectors, brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.

McGladrey Capital Markets is affiliated with McGladrey Inc., a professional services firm providing accounting, tax and business consulting. Both firms are indirect subsidiaries of H&R Block Inc. (NYSE: HRB), the world’s preeminent tax services provider. McGladrey Capital Markets’ international headquarters are located in Costa Mesa, Calif. The firm is a member of FINRA.