HE Space has been acquired by CS Group
January 2023 — With this acquisition, CS Group increases its European presence in space to nearly 800 employees. The group would thus strengthen its installed base in the Netherlands, Germany and France and expand its development prospects in Spain and the UK. This acquisition will ensure a stronger presence with institutional organizations such as ESA’s ESOC and ESTEC agencies, EUMETSAT and industrial companies such as Airbus, Thales and OHB.
Founded in 1982 by NASA veteran Scott Millican, HE Space is a space engineering specialist with a long heritage and track record in the space industry and ranked a Best Supplier to ESA in the fields of component engineering, earth observation, communication and outreach, structures, thermal engineering and environmental testing.
CS Group, initially known as CS Communication & Systèmes, is a French information technology service company listed on the Paris Stock Exchange as a member of the CAC Small index. The company designs information systems, develops and integrates software, manages projects and deploys industrial applications, and provides science, technology and consulting services. CS Group is the French leader in air traffic control, the third biggest supplier of traffic management systems in the world and provides information technology consulting services.
Our role in the transaction
Oaklins’ team in the Netherlands acted as the exclusive sell-side advisor to Mr. Scott Millican and HE Space. The team in France supported the transaction.
Talk to the deal team
Sander van 't Spijker
Oaklins Netherlands
Related deals
Moneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreTA Associates has completed a sell-down of its stake in Eurowag
TA Associates has completed a US$40 million accelerated bookbuild (ABB), selling approximately 4.3% of its shareholding in W.A.G. payment solutions AS (Eurowag) through a secondary offering on the London Stock Exchange. The transaction formed part of the private equity sponsor’s continued partial exit following its investment in Eurowag in 2015. The offering attracted strong demand from international institutional and Czech investors, resulting in a successful placement at US$1.33 per share, a 7.4% discount to the previous close and a 2.2% discount to the one-month volume-weighted average price (VWAP).
Learn moreDIGMATIX has entered the Czech market through the acquisition of LLP CRM
DIGMATIX has acquired LLP CRM, a Czech Microsoft Dynamics 365 Customer Engagement specialist. The acquisition marks DIGMATIX’s entry into the Czech market and strengthens the group’s capabilities in customer relationship management (CRM), sales automation, customer service and AI-powered business solutions.
Learn more