Naxicap Partners acquires Cobham’s slip rings and rotating systems business

November 2021 — Naxicap Partners has acquired Cobham’s slip rings and rotating systems business.

As one of the top private equity firms in France, Naxicap Partners – an affiliate of Natixis Investment Managers – has US$4.8 billion in assets under management. As a committed, responsible investor, Naxicap Partners builds solid, constructive partnerships with entrepreneurs so that their projects can succeed. The firm has 39 investment professionals spread across five offices in Paris, Lyon, Toulouse and Nantes in France, and Frankfurt in Germany.

Cobham’s slip rings and rotating systems business is a leading supplier of critical high-performance slip rings and rotating systems for the aerospace, defense and industrial markets. It operates four specialized and strategically located production facilities in France, USA and Sweden, employing 300 people. The acquisition is a carve-out of Cobham’s electrical and electronic equipment division.

Founded by Sir Alan Cobham in 1934, Cobham is a leading global defense and aerospace company, with approximately 10,000 employees around the world, and operations in North America, Europe, Australia and South Africa. Cobham offers an innovative range of technologies and services to solve challenging problems in commercial, defense and security markets, from deep space to the depths of the ocean. The company has market leading positions in wireless (audio, video and data communications, including satellite communications), defense electronics, air-to-air refueling, aviation services, life support and mission equipment.

Our role in the transaction

Oaklins’ team in France acted as advisor to Naxicap Partners in this transaction.