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Barings Provides Mezzanine Debt, Equity Co-Investment Support to J.F. Lehman & Co.

May 19, 2017, 07:32 AM
Filed Under: Aerospace

Barings announced that it served as lead agent and provided mezzanine debt and an equity co-investment to support J.F. Lehman and Company (JFLCO) in its acquisition of BEI Precision Systems & Space Company, Inc.

Headquartered in Maurmelle, Arkansas, BEI designs and manufactures highly accurate optical encoders, flight worthy accelerometers, infrared optical scanners and encoder-based motion control systems for military, space, aviation, and range instrumentation markets. The company is a market leader in several of the segments where it competes and is a sole-source provider to key and prestigious satellite and defense programs.

“J.F. Lehman is pleased to partner with Barings on our investment in BEI Precision Systems,” said Stephen L. Brooks, partner at JFLCO. “Barings continues to earn its reputation as a reliable partner offering deep middle-market expertise and the responsiveness and flexibility needed when speed, ease of execution and certainty of closing are critical.”

“Barings greatly values our longstanding relationship with J.F. Lehman and Company and we are excited to participate in this investment,” said Bob Shettle, managing director and co-head of Barings’ North American Private Finance Group. “With its expertise in the defense, aerospace and maritime sectors, J.F. Lehman is the perfect partner to help BEI leverage its market leadership and grow the business organically and through complementary acquisitions.”

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