Transaction: Cobham

  • Date/Status
  • Client
  • Description
  • Transaction Value
  • November 15, 2011
  • Exclusive financial advisor to Cobham plc on the divestiture of Sparta Inc. (Cobham Analytic Solutions) to Parsons Corporation
  • $350 million

The management and Board of Directors of Cobham plc decided to divest Sparta, a leading provider of scientific and engineering services to the U.S. missile defense and national security markets, as part of a portfolio optimization strategy to focus on the company’s higher growth and higher margin products businesses. The transaction, Parsons’ largest in over two decades, represented a significant expansion into advanced technology mission-oriented technical and professional services to the defense and national security markets.