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Lincoln International Represents Audax Private Equity in Sale of Astrodyne TDI to Tinicum
Thursday 07 December 2017

7 December 2017 - US-based mid-market investment bank Lincoln International represented US-based private equity firm Audax Private Equity in its sale of US-based manufacturer Astrodyne TDI to investment firm Tinicum, L.P. and affiliated investment partnerships managed by Tinicum Inc., the bank said.

Terms of the transaction were not disclosed.

Astrodyne TDI designs and manufactures highly engineered power solutions for demanding applications worldwide.

The company's products include power supplies and electromagnetic interference filters for use in industrial, semiconductor capital equipment, medical, defense, aerospace, and other end markets.

With over 50 years of power supply design experience, Astrodyne TDI has engineering and manufacturing centers in the USA and China.

Astrodyne TDI's power solutions are used in a variety of demanding product applications, which include semiconductor manufacturing and testing equipment, industrial control systems, oil and gas exploration equipment, life-saving heart assist devices, commercial and military aircraft, radar and missile defense systems, electric vehicles, and test and measurement devices.

Tinicum is a private investment firm with more than 25 years of experience investing in private and public companies.
Date Published: 07/12/2017
Target: Astrodyne Holding Corp
Country: USA
Sector: Machinery/Engineering
Type: LBO
Status: Closed
Buyer: Tinicum, L.P., and affiliated funds
Terms of the deal were not disclosed