Deal Details

Crane NXT Acquires OpSec

Industrial

Crane NXT acquisition of OpSec, a portfolio company of Investcorp

Summary

Crane NXT, Co. (“Crane NXT” or the “Company”) has agreed to acquire OpSec Security (“OpSec”), a portfolio company of Investcorp Technology Partners (“Investcorp”), for $270 million in cash. The transaction is subject to various regulatory approvals and customary closing conditions.

Baird served as exclusive financial advisor to Crane NXT on this transaction.

About

Crane NXT is a premier industrial technology company that provides trusted technology solutions to secure, detect and authenticate what matters most to its customers. Crane NXT is a pioneer in advanced micro-optics technology for securing physical products, and its sophisticated electronic equipment and associated software leverages proprietary core capabilities with detection and sensing technologies. The Company has approximately 4,000 employees with global sales, research and development and operations facilities in the United States, the United Kingdom, Mexico, Japan, Germany, Sweden and Malta. Crane NXT is headquartered in Waltham, Massachusetts.

OpSec is a world leader in authentication and brand integrity with a heritage that spans four decades. OpSec serves many of the world’s leading brand owners, licensors and media rights owners, helping them build intangible value and mitigate vulnerability across both physical and digital domains. OpSec also provides high-security and compliance solutions to governments. With their global reach and coverage, they integrate into brand operations, royalty cycles and products, as well protecting brand identity and digital content across online marketplaces, social media platforms, websites and beyond. OpSec brings together multiple disciplines to ensure that solutions are brand-led, practical and effective. OpSec is headquartered in Washington, United Kingdom.

Investcorp is a leading private equity firm focused on investing in growing, European-headquartered technology companies with proven products and end markets. Investcorp targets companies that focus on B2B end markets and solve mission-critical problems. Typically, these businesses have the potential to expand internationally and feature multiple avenues for growth and significant cash-flow generation alongside quality recurring revenue and good revenue visibility. Investcorp seeks controlling stakes in businesses with around $10 million or more in revenues and positive EBITDA that require equity investments of between $20 – 100 million. Investcorp typically partners with founders to unlock the next level of growth for their businesses. Investcorp is headquartered in Manama, Bahrain.

Industrial

Crane NXT acquisition of OpSec, a portfolio company of Investcorp