HLD Europe to take majority stake in Exxelia: Reuters

HLD Europe, a French investment fund, has entered talks with IK Investment Partners to buy a majority stake in Exxelia, reported Reuters.

HLD Europe, a French investment fund, has entered talks with IK Investment Partners to buy a majority stake in Exxelia, reported Reuters. The planned transaction would put Exxelia at an enterprise valuation of $553.85 million. Exxelia is a maker of components in the space and defense industries.

Source: Reuters