Aerospace & Defense Recapitalizations in 2024
Acquisition Volume in Aerospace & Defense Recapitalizations in 2024 by Year
Last 5 years
-
December 13, 2024
- Buyer
- Blackstone Credit & Insurance (Blackstone)
- Target
- Jet Support Services, Inc. (JSSI)
- Seller
- GTCR, Genstar Capital
- Industry
- Aerospace & Defense
- Location
- Illinois, United States
- Type
- Recapitalization
Blackstone Credit & Insurance provided over $1 billion in new financings to support the recapitalization of Jet Support Services, Inc. (JSSI), joining equity alongside existing sponsors GTCR and Genstar Capital. The financing (part of >$1.8 billion in debt and equity provided by Blackstone-managed funds) is intended to strengthen JSSI's capital structure, enhance operational capabilities, and support continued growth in the business aviation aftermarket.
-
May 9, 2024
- Buyer
- NB Capital Solutions, Neuberger Berman
- Target
- FDH Aero
- Seller
- Audax Private Equity
- Industry
- Aerospace & Defense
- Location
- California, United States
- Type
- Recapitalization
NB Capital Solutions, with additional funds advised by Neuberger Berman, has made a significant minority recapitalization investment in FDH Aero. The transaction provides FDH with growth capital for organic and inorganic initiatives and partial liquidity to the existing investor base while Audax Private Equity remains the control investor.
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