Naxicap Partners, a private equity firm, agreed to acquire slip rings and rotating systems business of Advent International-backed Cobham, a British aerospace manufacturing company. Financial terms were not disclosed. "We were impressed by Cobham SR’s strong customer relationships and ability to design custom-made and high-quality products, which generate recurring revenues. The company’s expertise and quality of its management team make this a unique investment opportunity in the sector. We are convinced that the Group has all of the key assets needed to establish itself as a major consolidation platform for the high-performance slip rings market. We look forward to supporting the management team carry out its ambitious development plan," Angèle Faugier, Naxicap Partners Partner.