Graham Partners has completed its $288.5 million sale of Schneller to TransDigm Group (NYSE: TDG), generating a 3.4x gross multiple on its investment. Harris Williams & Co. advised the sell side on the transaction. Schneller designs and manufactures highly engineered laminates for commercial aircraft. The company was acquired by Graham in 2007.
Since the beginning of 2008, PE investors have exited 215 B2B companies through corporate acquisitions (sales to strategic acquirers). Small corporate acquisitions of $50 million or less became the norm in 2009, following the financial crisis. Since then, larger transactions have once again become more commonplace. This year, deals of $50 million to $250 million are leading the activity, accounting for 44% of 2011's B2B corporate acquisitions to date.