Aeroflex Holding Corp. Merges with Cobham plc

SRZ advised Aeroflex Holding Corp., a leading global provider of high performance microelectronic components and test and measurement equipment, in its merger with Cobham plc, a U.K.-listed company that designs and manufactures equipment, specialized systems and components for the aerospace, defense, energy and electronics industries. In the transaction, which closed on Sept. 15, Cobham acquired Aeroflex for approximately $1.46 billion, including the assumption of Aeroflex’s net debt of $540 million. SRZ also advised VGG Holdings LLC, which owns approximately 76 percent of Aeroflex and is controlled by The Veritas Capital Fund III LP, Golden Gate Private Equity Inc. and GS Direct LLC, in connection with the deal.

The SRZ team representing Aeroflex Holding Corp. and VGG included environmental partner Howard B. Epstein; intellectual property, sourcing & technology special counsel Scott M. Kareff; employment & employee benefits associate Frank P. Sabatini, III; finance partner Ronald B. Risdon; tax partner Kurt F. Rosell; antitrust partner Michael E. Swartz and special counsel Michael G. Cutini; and real estate partner Julian M. Wise and special counsel Seth R. Henslovitz.