CVC, Blackstone, Advent and EQT eye €2bn Robin Radar deal

CVC, Blackstone, Advent and EQT are among the potential bidders considering offers for Dutch drone detection specialist Robin Radar Systems, which could be valued at around €2bn in a sale by private equity owner Parcom, according to a report by Reuters.
BAE Systems is also in the early stages of exploring a bid for the Delft-based company, while CVC and Blackstone previously submitted an offer over the summer that was rejected ahead of a formal sale process, people familiar with the matter told Reuters.
Parcom, which acquired Robin Radar in 2024, is working with JPMorgan on a sale process expected to launch later this year.
Sources have told Reuters Parcom would prefer a European strategic or private equity buyer capable of developing the company’s technology within Europe, amid growing political scrutiny of ownership in strategically important defence and technology assets.
Robin Radar was founded in 2010 and initially developed radar systems designed to detect flocks of birds around airports, before expanding into drone detection and counter-drone technology.
The company’s systems have since been deployed by governments and at major international events. The Netherlands ordered 100 early-warning radars from Robin Radar last year following drone sightings near an airport and military air base.
A transaction at the reported €2bn valuation would rank among the larger recent deals in Europe’s defence sector, where investor interest has increased alongside higher government spending and efforts to strengthen domestic and regional defence capabilities.