Behrman Capital to sell portfolio company Data Device Corporation to Transdigm Group for $1 billion

Behrman Capital, a private equity investment firm based in New York and San Francisco, today announced that it has entered into a definitive agreement to sell its portfolio company Data Device Corporation ("DDC" or "the company"), a leader in high-reliability connectivity, power, and control solutions for aerospace, defense, and industrial applications, to Transdigm Group Incorporated (NYSE: TDG) in a transaction valued at $1 billion.

Grant G. Behrman, Managing Partner of Behrman Capital, said, "We are very proud of our investment in Data Device Corporation and the role we played in building the company's leadership position. The DDC value creation story is an exciting one and we believe the business is exceptionally well-positioned for further growth under its new ownership. We commend Vince Buffa and his management team for their leadership and hard work, and wish them and all their colleagues every success in the future as part of Transdigm."

After partnering with CEO Clifford Lane in 2003 to acquire ILC Industries, the parent of DDC, Behrman has pursued a wide range of strategic initiatives. These include four strategic add-on acquisitions, six dividend recapitalizations and the tax-free spin-off of its ILC Dover business, which enabled both DDC and Dover to focus on their specific long-term growth strategies. In 2011, Behrman recruited Vincent Buffa who as President and CEO has led the team that has driven DDC's recent success.

Mr. Buffa stated, "The DDC team is grateful to Behrman Capital for its support of our company. Over the years, the Behrman team not only invested the financial resources we needed to execute our growth strategy, but also provided invaluable operational expertise and strategic insight into our business and markets. We benefited extensively from this partnership, which has positioned DDC for a great future."