TM Capital. Success. Realized. | IFR Systems Acquired by Aeroflex

IFR Systems, Inc. (NASDAQ: IFRS) produces test and measurement systems for telecommunications and avionics markets
IFR was in default on $84 million of senior debt and retained TM Capital to pursue strategic and financial alternatives to restructure debt and enhance shareholder value
TM Capital arranged the sale of IFR to Aeroflex Inc. (NASDAQ: ARXX) for $60 million in cash and negotiated an agreement providing for the retirement of all senior debt for $49 million in cash
This agreement enabled Aeroflex to complete a tender offer providing a cash premium to IFR’s stockholders
TM Capital also provided a fairness opinion in connection with the tender offer

has been acquired by

TM Capital assisted IFR Systems, Inc. (NASDAQ) in its $60 million sale to Aeroflex Inc. (NASDAQ) through a cash tender offer

For more information, contact our industrials team at:

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IFR Systems Acquired by Aeroflex