(January 4, 2011 – BUSINESS WIRE) — Nautic Partners LLC, a private equity firm with more than $2.5 billion of capital under management, has partnered with management to acquire Aavid Thermalloy LLC (Aavid). Aavid designs and manufactures high-performance thermal management products used in a wide range of electronics systems and energy supplies.
Aavid is headquartered in Concord, New Hampshire, and has global manufacturing facilities across China, North America, Europe, and India. Aavid’s products are used to dissipate heat and maintain optimal temperatures of high-performance electronic components used in servers, telecommunications equipment (base station controllers and devices that amplify signals at cell sites), alternative energy equipment (wind and solar power inverters), and industrial and medical electronics.
"Aavid is a market leader known for its high quality, engineered thermal management solutions," said Doug Hill, managing director of Nautic. "We believe there are considerable opportunities for growth, both within our existing customer base, geographies, and industry verticals, as well as through penetration of new end markets. Aavid will also continue to benefit from the trend of electronic systems becoming increasingly smaller and more powerful. This trend is resulting in higher temperatures in smaller spaces, leading to the need for more sophisticated thermal management solutions."
The Prudential Insurance Company of America provided financing for the transaction. Terms of the transaction were not disclosed.
Aavid is Nautic Partners’ eighth investment from its most recent fund, Nautic Partners VI, LP.
Nautic Partners is a middle-market private equity firm with over $2.5 billion of equity capital under management. Nautic targets equity investments of $25-$75 million, representing majority ownership in companies with proven business models, defensible market positions, and strong growth potential. Areas of focus include business services, manufacturing, healthcare, and communications. For more information, please visit www.nautic.com.
Aavid’s products are used in a wide variety of applications including enterprise systems, telecommunications equipment, power generation, industrial applications and a wide range of other uses. For more information, please visit www.aavid.com.
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