What Happened
Private Equity Firm Targets Defense Assets At Attractive Valuations
Warburg Pincus is planning to target European defense assets, according to Tobias Weidner. Houlihan Lokey notes that defense assets have reached attractive valuations, making them a prime target for investors. This comes as HIG Capital-backed Coriant acquires SCA, a provider of access, temporary containment, and industrial support services across the defense, marine, and infrastructure sectors. The move was reported by pehub.com.