Private Equity Firms Target Defense Assets Once Seen as Toxic

Private equity firms are scouring for investment opportunities in European defense, chasing the once shunned sector in an effort to benefit from a historic switch to military expansion in the region.

Firms including Tikehau Capital and CVC Capital Partners have either been raising funds or putting together teams dedicated to investing in companies that help underpin national security. Others, Advent for instance, are preparing to shop defense assets to take advantage of the rising buyer demand.