April 19, 2018 10:53 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Excelitas Technologies Corp.

Company Overview

Excelitas Technologies Corp. designs, tests, and manufactures customized optoelectronics and advanced electronic systems to OEMs worldwide. It offers short-arc xenon lamps, emitters, energetic safety systems, flash lamps, rubidium atomic frequency standards/atomic clocks, high energy switching devices, CCD cameras and imagers, light emitting diodes, UV curing systems, photonic detectors, power supplies and systems, pulsed xenon lamps, thermal infrared detectors, fluorescence illuminators, and X-ray power supplies and integrated sources. The company serves medical, safety and security, industrial, analytical and life sciences, environmental, and aerospace and defense markets. The company was ...

200 West Street

Suite E403

Waltham, MA 02451

United States

Founded in 1931

Phone:

781-522-5914

Fax:

781-290-4702

Key Executives for Excelitas Technologies Corp.

Chief Executive Officer
Chief Financial Officer and Executive Vice President
Age: 50
Chief Operations Officer and Executive Vice President
Chief Human Resources Officer and Executive Vice President
Executive Vice President of Commercial
Compensation as of Fiscal Year 2017.

Excelitas Technologies Corp. Key Developments

Banks Offer Financing For Excelitas's Bid

Private equity firms preparing bids for Excelitas Technologies Corp. are being offered debt financing from banks between roughly $1 billion and $1.1 billion, two sources close to the matter said. Goldman Sachs, is circulating a financing proposal to potential buyers on the high end of the range, at 6.5 times debt-to-Ebitda, or earnings before interest, taxes, depreciation and amortization, the sources said. Goldman declined to comment. Other banks are extending packages closer to $1 billion in debt, or six times debt-to-Ebitda, the sources said, asking not to be identified because the matter is private and negotiations are ongoing. Among the additional banks looking at financing the deal are Citigroup, RBC, Morgan Stanley, Credit Suisse and UBS, one of the sources said. The banks declined to comment. Excelitas is asking for final bids next week. Remaining bidders include buyout shops AEA Investors and Cornell Capital, the sources said. AEA had partnered up with Bain Capital earlier in the process to potentially advance an offer, they said. Cornell declined to comment. AEA and a representative for Bain did not respond to requests for comment.

Veritas Capital May Reportedly Sell Excelitas

Veritas Capital Fund Management, LLC is reportedly exploring the sale of Excelitas Technologies Corp, in a deal that might fetch as much as $2 billion. Goldman Sachs has been hired to advised on the sale.

Veritas Capital Reportedly May Sell Excelitas Technologies And Anaren

Veritas Capital is exploring the sale of Excelitas Technologies Corp and Anaren Inc. as it looks to raise cash to fund new deals this Fall, people familiar with the matter told Reuters. Veritas has hired investment bank Goldman Sachs Group Inc to pursue a so-called dual track sale process for Excelitas which could see the Massachusetts-based company sold outright or floated via an initial public offering, the people said. Spokespeople for Veritas and Goldman Sachs declined to comment. Excelitas and Anaren did not immediately respond to a request for comment.

Similar Private Companies By Industry

Company Name Region
#1 Network, Inc. United States
10x Communications, Inc. United States
1450 Inc. United States
1st Choice Security Solutions, Inc. United States
20th Century Lites, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 18, 2017
--
\
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
The Advertising Council, Inc. United States
Tax Management Inc United States
John F. Kennedy Center For The Performing Arts United States
NYC2012, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Excelitas Technologies Corp., please visit www.excelitas.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.