IK Investment Partners, through its IK VII Fund, has entered into exclusive discussions to acquire Exxelia from LBO France. Exxelia develops and manufactures customized components like capacitors, inductors, filters and sensors for high-tech applications, serving customers in aerospace, defense, rail, medical, oil & gas and telecommunications. The company employs roughly 1,200 across eight subsidiaries operating in Europe, the U.S, Asia and Africa. Backed by LBO France since 2010, Exxelia reported total revenue of €115 million ($148 million) in 2013, up 55% from the start of the holding period. The company underwent a €175 million ($226 million) debt refinancing earlier this year.