LONDON, Sept. 20 -In response to the announcement issued today by AREVA, Bain Capital confirmed that it has signed a definitive agreement to acquire FCI, AREVA's connectors subsidiary. FCI is a leading designer, manufacturer and supplier of electrical and electronic interconnect systems for a wide range of consumer and industrial applications including automotive, transportation systems, electric power distribution, telecommunications, personal computers, mobile phones, micro connections and RFID antennas.
"As a global private investment firm, we will leverage our extensive network of resources in Europe, North America and Asia to support FCI's growth strategy," said Steve Pagliuca, a Managing Director of Bain Capital. "Bain Capital has a strong track record of acquiring non-core divisions of larger corporations in many industries, and building the business successfully in partnership with management."
"We are thrilled to work with the experienced management team at FCI to help the business realise the full advantage of its technology leadership, and achieve its long-term potential," stated Walid Sarkis, a Managing Director at Bain Capital. "FCI is a solid business that enjoys positive customer relationships in a number of different industry sectors, and will benefit from an invigorated organic and acquisition investment strategy to enable the company to pursue the attractive opportunities in the industry," stated Michel Plantevin, a Managing Director at Bain Capital.
"Bain Capital has demonstrated an ability to support management in building businesses across many key industry segments for FCI," added Jean-Lucien Lamy, Chief Executive of FCI. "Their worldwide team offers us access to strong financial backing, deep management and operating experience, and will be effective partners as we build on our technological strengths and add value to our customer relationships."
About Bain Capital
Bain Capital (http://www.baincapital.com) is a global private investment firm that manages several pools of capital including private equity, high-yield assets, mezzanine capital, venture capital and public equity with more than euro 20 billion in assets under management. Since its inception in 1984, Bain Capital has made private equity investments and add-on acquisitions in over 230 companies in a variety of industries around the world, and has a team of almost 200 professionals dedicated to investing in and supporting its portfolio companies. A global team of professionals focused on technology has guided investments in nearly 75 companies, including SunGard Data Systems, UGS PLM, TeamSystem, ChiPac, and Therma-Wave. The firm has been an investor in Europe since the late 1980s and is among the most active private equity firms in the region, with such investments as ProSiebenSat1 Media AG, Samsonite, Brenntag AG, SigmaKalon and Seat Pagine. Headquartered in Boston, Bain Capital has offices in London, Munich and New York.
