Bain Capital-led Consortium to Acquire ITP Aero from Rolls‑Royce
September 27, 2021
Rolls‑Royce has signed a definitive agreement to sell 100% of ITP Aero to a Bain Capital Private Equity‑led consortium, including Spanish co‑investors SAPA and JB Capital, for approximately €1.7 billion. The sale is part of Rolls‑Royce’s disposal programme to raise proceeds and will position ITP Aero as an independent, growth‑focused aerospace supplier headquartered in the Basque Country, Spain; the transaction is expected to close in H1 2022 subject to regulatory approvals.
- Buyers
- Bain Capital Private Equity, SAPA Group, JB Capital
- Targets
- ITP Aero
- Sellers
- Rolls‑Royce Holdings plc
- Industry
- Aerospace & Defense
- Location
- Basque Country, Spain
- Transaction Type
- Buyout
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