Summary
This document is a report detailing the M&A advisory process conducted by DC Advisory for Advent International regarding the sale of Laird Antennas to TE Connectivity. Laird Antennas, part of Laird Connectivity, offers a range of antenna solutions across various industries, including IoT and public safety. The engagement began in May 2021, with DC Advisory advising on all aspects of the sale process, which included identifying strategic buyers and managing negotiations. The report outlines the tailored approach taken by DC Advisory to ensure a competitive process, which culminated in a definitive agreement signed in September 2021. The acquisition was completed on October 22, 2021, and is noted to enhance TE Connectivity's product portfolio, particularly in wireless solutions for IoT devices. The financial terms of the transaction remain undisclosed, but the report reflects the successful outcome for all stakeholders involved.
