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Mesirow Financial Advises Safran on Sale of Base2 Solutions to Belcan
Monday 13 January 2020

13 January 2020 - US-based investment, risk management and advisory services firm Mesirow Financial acted as the exclusive financial advisor to French aviation, defense, and space markets supplier Safran S.A. on the sale of its technology consulting and engineering solutions subsidiary Base2 Solutions to Belcan, LLC, a portfolio company of AE Industrial Partners, LP, the firm said.

The sale of Base2 serves as part of Safran's ongoing portfolio optimisation efforts following the acquisition of Zodiac Aerospace in 2018.

Base2 specialises in providing technology consulting and engineering solutions that address complex business issues in industries requiring niche technical knowledge, providing services including custom software development, DevOps, information security, and systems engineering and integration.

Belcan said this addition brings high demand capability in digital systems and software, a key customer base, and exceptionally talented leadership and technical teams.

Belcan, LLC is a global supplier of engineering, supply chain, technical recruiting, and IT services to customers in the aerospace, defense, automotive, industrial, and government sectors. Belcan engineers better outcomes for customers from jet engines, airframe, and avionics to heavy vehicles, automobiles, and cybersecurity.

Base2 Solutions assists companies in highly regulated industries give form to Digital Innovation by delivering the processes and practices needed to develop highly reliable and complex interconnected systems.

Kirkland and Ellis served as legal advisor and PricewaterhouseCoopers LLP was the financial advisor to Belcan. Eversheds Sutherland served as legal advisor and Mesirow Financial was the financial advisor to Safran.
Details
Date Published: 13/01/2020
Target: Base2
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Belcan, LLC
Buyer Advisor: Kirkland and Ellis , PricewaterhouseCoopers
Comment:
Terms of the deal were not disclosed

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