J.F. Lehman & Company has completed its buy of publicly-traded API Technologies, a maker of radio frequency, microwave, millimeterwave, power, and security products.
API’s systems, subsystems, modules, and components are used by defense, industrial, and commercial customers in the areas of commercial aerospace, wireless communications, medical, oil and gas, electronic warfare, unmanned systems, missile defense, harsh environments, satellites, space, and C4ISR (which in case you didn’t know stands for Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance). The company is headquartered near Boston in Marlborough, MA (www.apitech.com).
Jefferies (www.jefferies.com) was the financial advisor and Wilson Sonsini Goodrich & Rosati (www.wsgr.com) provided legal advice to API. Lazard (www.lazard.com) was the financial advisor and Blank Rome (www.blankrome.com) and Jones Day (www.jonesday.com) acted as legal advisors to J.F. Lehman.
J.F. Lehman & Company is a middle-market private equity firm focused primarily on the maritime, defense, and aerospace sectors. The firm was founded by Dr. John Lehman, who served six years as Secretary of the United States Navy. To date, J.F. Lehman has made investments in companies with an aggregate transaction value of approximately $1.6 billion. The firm was founded in 1992 and is headquartered in New York with additional offices in Washington, DC and London (www.jflpartners.com).
© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 4-26-16
