Top 10 Financial Advisors in the Aerospace and Defense Industry in the World in 2021 by Deal Volume

Houlihan Lokey Inc, Morgan Stanley, The Goldman Sachs Group Inc, Lazard Ltd, and Rothschild & Co SCA are among the top 5 financial advisors in the aerospace and defense industry in 2021 by deal volume. In terms of the geographic split, 8 out of 10 of the world’s top 10 financial advisors in the aerospace and defense industry are headquartered in North America and whereas the remaining 2 are based in Europe. They employed a total of 238,855 people in 2021. The Teledyne-Teledyne FLIR deal was a major deal in the aerospace and defense sector in 2021. Evercore served as the exclusive financial advisor, while McGuireWoods LLP served as the legal advisor to Teledyne. Teledyne Technologies Inc., a provider of sophisticated instrumentation, has completed the acquisition of FLIR Systems, Inc., a US-based company engaged in the design and production of thermal imaging cameras, components, and imaging sensors. Under the terms of the agreement, FLIR stakeholders will receive USD28.00 per share in cash and 0.0718 shares of Teledyne common stock for each FLIR share, which implies a total purchase price of $56.00 per FLIR share. The deal was completed in Q2 2021. The Parker Hannifin Corp-Meggitt Plc was another major deal in the aerospace and defense sector in 2021. Citigroup Global Markets Limited served as financial advisor to Parker, while Rothschild & Co, Morgan Stanley & Co. International plc, and BofA Securities served as the exclusive financial advisor to Meggitt. Parker Hannifin Corp, a US-based motion and control technologies, has acquired the entire issued and to-be-issued ordinary share capital of Meggitt PLC, an aerospace & defense motion and control technology company. Under the terms of the transaction, each scheme shareholder will receive GBP8 for each Meggitt share in cash. valuing Meggitt's existing issued and to be issued ordinary share capital at approximately GBP6.3 billion on a fully diluted basis. The implied IFRS enterprise value for Meggitt of GBP7.3 billion incorporates the US GAAP enterprise value of GBP7.1 billion, plus total lease liabilities of GBP163.9 million. The deal was completed in Q3 2022.