# IK Partners to sell Exxelia to HEICO Corporation

IK Partners entered a put option agreement to sell its stake in Exxelia, a manufacturer of passive components and precision subsystems, to HEICO Corporation.

- Type: Acquisition
- Announced: 2022-07-28
- Where: Paris, France, France
- Value: $462.0M (453.0M EUR)
- Status: announced
- Products: capacitors, inductors, resistors, filters, position sensors, rotary joints
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [HEICO Corporation](https://endata.com/companies/22707.md) (acquirer)
- [Exxelia](https://endata.com/companies/44363.md) (target)
- [IK Partners](https://endata.com/companies/60133.md) (partner)
- [Exxelia International](https://endata.com/companies/64421.md) (target)

## Sources

- [ikpartners.com](https://ikpartners.com/press-release/ik-partners-enters-exclusive-negotiations-to-sell-exxelia-to-heico/), 2022-07-27: "We are excited to embark on a new stage of development with HEICO."
- [heico.com](https://heico.com/2022/07/28/heico-corporation-announces-its-largest-ever-acquisition-of-global-and-leading-electronic-component-supplier/), 2022-07-28: "HEICO Corporation today announced that its Electronic Technologies Group entered into a put option agreement to acquire Exxelia International from an affiliate of IK Partners and additional sellers for €453 million in cash."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.