GCIS CYBER-SECURITY BRIEFING: Stone Key drives cybersecurity dealmaking

 

ISSUED BY: GCIS Communications Command Center

SOURCE: Reuters

14February2011 1:12pmEST

GCIS CYBER-SECURITY UPDATE: The former Bear Stearns bankers, who helped create the world's top defense contractor Lockheed Martin Corp (LMT.N) through two mega-mergers in the mid-1990s, are now driving dealmaking in the so-called "cybersecurity" arena where defense meets commercial technology.

Since setting up the boutique advisory shop Stone Key Partners a little more than two years ago, the duo has advised on some of the most hotly contested auctions in defense technology, including the sale of Argon ST to Boeing Co (BA.N) and the two-part sale of biometric identification maker L-1 Identity Solutions (ID.N) to Safran (SAF.PA) and BAE Systems (BAES.L).

Those transactions followed Stone Key's first big deal -- the $5.2 billion sale of U.S.-based DRS Technologies to Italy's Finmeccanica SpA (SIFI.MI) in 2008, the second-largest defense deal of the past decade, globally. (read full report)

 

 

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