Altus Capital sells Gichner for $133M.
EMII Euromoney Institutional Investor
May 21, 2010 Altus Capital Partners has sold Gichner Holdings for $133 million. The private equity firm has sold the defense prime contractors to Kratos Defense & Security Solutions.
Altus sought Jefferies & Company’s assistance in evaluating strategic options for the sale. Altus, in August 2007, had bought Gichner in union with Gichner management and other investors.