BB&T Capital Markets Serves as an Underwriter on Materialise NV’s Initial Public Offering

Transaction Summary

BB&T Capital Markets’ Aerospace & Technology Group completed a transaction for a 3-D printing software company in June 2014, in an equity offering worth $96,000,000. The Company intends to use the net proceeds from the offering to expand 3D printing service center capacity, increase sales and marketing teams, fund additional research and development, and for general corporate purposes.

About the Companies

Materialise NV operates as a rapid prototype designer and manufacturer. The Company focuses on 3D imaging software combined with plastic molding to develop products for industrial, medical, and dental industries. Materialise offers design software and prototype solutions to businesses around the world.

Aerospace, Defense & Government Services

BB&T Capital Markets│Windsor Group is a leading investment bank focused on the Aerospace, Defense & Government Services markets. Specializing in mergers and acquisitions, corporate banking, and capital markets transactions, our team of seasoned professionals brings an unparalleled level of industry expertise and personalized service to our clients.

About BB&T Capital Markets

BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, equity research and sales and trading. Headquartered in Richmond, Va., with offices throughout the U.S., we have specific expertise within eleven distinct industry verticals including Aerospace, Defense & Government Services; Automotive Aftermarket; Commercial & Industrial; Financial Services; Food & Agribusiness; Logistics & Transportation Services; Healthcare; Education; Energy; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.

  • A Classified Intelligence Community Cyber Security Company

    On July 31, 2014, a Northern Virginia-based provider of high-end, cyber security, software development, and enterprise-level systems engineering services to the Intelligence Community was acquired by a market-leading, tier one strategic buyer. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to the seller. Financial terms of the transaction and the names of the parties were not disclosed at the request of the acquirer.

  • Materialise NV (NASDAQ GS: MTLS)

    BB&T Capital Markets’ Aerospace & Technology Group completed a transaction for a 3-D printing software company in June 2014, in an equity offering worth $96,000,000. The Company intends to use the net proceeds from the offering to expand 3D printing service center capacity, increase sales and marketing teams, fund additional research and development, and for general corporate purposes.

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  • UTX Technologies Limited

    On March 31, 2014, UTX Technologies Limited ("UTX" or “the Company”), was acquired by Verint Systems Inc. ("Verint"). The purchase price consisted of $82.9 million of cash paid at closing, subject to adjustment, with potential additional future cash payments of up to $1.5 million, contingent upon the achievement of certain performance targets over the period from closing through June 30, 2014.  BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to U-TX in the transaction.

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  • Kinsey Technical Services, Inc.

    On December 13, 2013, Kinsey Technical Services, Inc. (KTSi), a portfolio company of Blue Delta Capital Partners, was acquired by the Scitor Corporation, a portfolio company of Leonard Green & Partners. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to KTSi. Financial terms of the transaction were not disclosed.

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  • Booz Allen Hamilton Inc.

    BB&T Capital Markets served as a co-manager for Booz Allen Hamilton Holding Corporation’s (NYSE: BAH) secondary offering. Booz Allen Hamilton Holding Corporation, the parent company of management consulting, technology, and engineering services firm Booz Allen Hamilton Inc., sold 12,650,000 shares of Class A common stock previously owned by an affiliate of The Carlyle Group at a price of $17 per share. Following this offering, Carlyle beneficially owns approximately 58.3 percent of the outstanding Class A common stock of Booz Allen Hamilton Holding Corporation. The selling shareholders will receive all net proceeds from the offering.

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  • EXONE

    The ExOne Company (NasdaqGM: XONE) has announced the closing of a previously announced secondary underwritten public offering of 2,656,000 shares of its common stock at a price to the public of $62.00 per share. Of the shares offered, 1,106,000 were new primary shares and 1,550,000 were offered by current selling shareholders. The selling shareholders will receive a proportionate share of the net proceeds from the offering, which closed on September 9, 2013.

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  • Cubic Corporation

    Cubic Corporation (NYSE: CUB) has announced the closing of a previously announced secondary underwritten public offering of 2,315,000 shares of its common stock at a price to the public of $45.75 per share. All of such shares were offered by certain shareholders of Cubic, which shareholders are comprised of trusts created by Cubic's founder, Walter J. Zable, who passed away in 2012. The selling shareholders will receive all of the net proceeds from the offering which closed on May 21, 2013.

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  • Perficient

    Perficient, Inc. (NASDAQ: PRFT), a leading information technology consulting firm serving Global 2000 and other large enterprise customers throughout North America, has acquired San Francisco, CA-based Clear Task, Inc. (“Clear Task”), a consulting firm focused entirely on the salesforce.com product suite. BB&T Capital Markets | Windsor Group provided a fairness opinion to Perficient, Inc.

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    Honeycomb Company of America, Inc.

    Honeycomb Company of America, Inc. ("HCOA" or "the Company"), a Sarasota, Florida-based manufacturer of complex, flight critical, bonded, composite assemblies for U.S. military aircraft platforms, has been acquired by Overall Capital Partners ("Overall"). BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to HCOA. The terms of the transaction were not disclosed.

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  • IPO Co-Manager - ExOne Digital Part Materialization

    ExOne Digital Part Materialization

    The ExOne Company (the "Company") (Nasdaq: XONE) announced on Tuesday, February 12, 2013, the closing of an initial public offering of 5,483,333 shares of its Common Stock and 611,667 shares of Common Stock from Rockwell Holdings, Inc. ("RHI"), an affiliate of S. Kent Rockwell, ExOne's Chairman and Chief Executive Officer, at a public offering price of $18.00 per share, raising $109,700,000 in gross proceeds. The Company intends to use the net proceeds from the offering to grow its Production Service Centers, make investments in new materials, working capital, and general corporate purposes.

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  • Acquisition - STS Aviation Group

    STS Aviation Group

    STS Aviation Group ("STS" or "the Company"), a Jensen Beach, Florida-based provider of commercial aerospace engineering solutions, aircraft component supply chain management, and line maintenance services, has acquired Advantage Federal Resourcing, Inc. ("AFR"), a government and military engineering solutions provider. With the addition of AFR, STS will grow its workforce to nearly 400 employees and gain traction with new customers in the Department of Defense ("DoD") and the Department of State ("DoS"). STS' business is currently divided into four lines: Aerostaff Services, Engineering Solutions, Line Maintenance, and Component Solutions. Between its divisions, STS supplies highly trained and qualified aircraft maintenance technicians, 24-hour line and hangar data services, mechanical support, and aerospace component and material distribution. Terms of the transaction were not disclosed.

  • Acquisition - USFalcon

    USFalcon

    USfalcon, Inc. (“USfalcon” or “the Company”), an Aberdeen, Maryland-based provider of innovative technical solutions for the U.S. Department of Defense (“DoD”), has sold certain assets to Engineering Solutions & Products, LLC (“ESP”), an Eatontown, New Jersey-based portfolio company of Berkshire Partners, LLC (“Berkshire”), the Boston-based private equity firm. USfalcon provides a wide range of high-end engineering, information technology, and professional services to the U.S. Army and other DoD customers. The Company supports its customers across all phases of the Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance (“C4ISR”) systems life cycle. In 2006, USfalcon was awarded one of seven prime positions on the $19.3 billion Army Communications Electronics Command (“CECOM”) Strategic Services Sourcing (“S3”) contract vehicle which extends through 2016. As a result of the sale of the assets, ESP has assumed USfalcon’s prime contractor position on the S3 contract.

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  • Acquisition - Ticom Geo

    Ticom Geo

    Ticom Geomatics, Inc. ("TGI" or "the Company"), an Austin, Texas-based provider of ISR and geolocation systems, has been acquired by Six3 Systems, Inc. ("Six3"), a McLean, Virginia-based portfolio company of GTCR, LLC, that provides C5ISR and cyber security solutions for the intelligence, defense, and civilian communities. TGI is an industry leader in interoperable, mission-ready geolocation and ISR systems, offering end-to-end systems support and focused solutions designed to operate in real-world, deployed environments. The Company also offers sensor products for airborne, ground-based, and shipboard operations. TGI will continue to operate as a wholly-owned subsidiary of Six3 Systems, Inc. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to Ticom Geomatics, Inc., in this transaction. Terms of this transaction were not disclosed.

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  • Acquisition - Acentia

    Acentia

    Acentia, a Falls Church-based provider of technology and management consulting services, has acquired 2020 Company, LLC ("2020" or "the Company"), a federal IT solutions provider at the forefront of transformational health IT and other projects across the public sector. The newly combined company, which will be known as Acentia, employs more than 1,200 employees. 2020 is a premier professional services firm that delivers business and technology solutions through consulting and outsourcing services to the government, in the areas of health, education, and science. For the past 11 years, 2020 has served premier clients, such as the Centers for Medicare and Medicaid Services ("CMS") and the Centers for Disease Control and Prevention ("CDC"). The Company specializes in custom system maintenance, systems development and integration, technology infrastructure support, and a variety of business services, including program/project management, business process support, and mission support services. Terms of the transaction were not disclosed. The acquisition marks the fourth transaction over the past six years in which BB&T Capital Markets | Windsor Group has served as the exclusive financial advisor to Acentia, and its predecessor company ITSolutions. The first transaction, consummated in 2005, entailed a minority recapitalization of the Company by the Edgewater Funds. The follow-on acquisition of ITEQ Integrated Technologies in 2007, and the subsequent purchase by Snow Phipps Group, diversified Acentia’s customer base and provided additional growth equity.

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  • Acquisition - Henggeler Consulting

    Henggeler Consulting

    Raytheon Company ("Raytheon") has acquired Columbia, Maryland-based Henggeler Computer Consultants ("Henggeler" or "the Company"). The Company provides high-end software development and engineering in support of the intelligence community's systems and missions. Henggeler employs approximately 150 professionals and has grown to be one of the most well respected cybersecurity, custom software development, enterprise architecture, and systems engineering companies serving the federal government. Terms of the transaction were not disclosed. BB&T Capital Markets | Windsor Group served as the exclusive financial advisor to Henggeler in this transaction. The acquisition of Henggeler Computer Consultants marks Raytheon's tenth cybersecurity-related acquisition since 2007. BB&T Capital Markets | Windsor Group is a market leader in advising companies specializing in cybersecurity, C4ISR, cloud computing, software development and engineering, and other highly specialized services.

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