M&A Deal Summary

Permira Acquires Topcast

On September 4, 2019, private equity firm Permira acquired aerospace company Topcast

Acquisition Highlights
  • This is Permira’s 2nd transaction in the Aerospace sector.
  • This is Permira’s 3rd transaction in China.
Investment Fate
  • Topcast was sold to a consortium of financial buyers in 2025.

M&A Deal Summary

Date 2019-09-04
Target Topcast
Sector Aerospace
Buyer(s) Permira
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) RBC Capital Markets (Financial)

Target

Topcast

Hong Kong, China
Topcast connects suppliers with customers in all segments of aviation including airlines, Maintenance, Repair, and Overhaul (MRO) service providers and Original Equipment Manufacturers (OEMs). Topcast operates as an extension of the suppliers offering not only aftermarket support, but also the development of new businesses for its principals. The company also provides technical support and maintenance services and distribution of industrial cables and wires. Topcast was founded in 1991 and is based in Hong Kong, China.

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Buyer(S) 1

Buyer

Permira

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 80.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Permira is a mega-sized private equity firm that targets large company investments around the world. Permira invests to support acquisitions, leveraged buyouts, take-privates, turnarounds, and growth buyouts. Areas of interest include healthcare, financial services, chemicals, consumer products and services, industrial products and services, technology, media, and telecom. Permira will consider opportunities in Europe, Asia, and North America. Permira was formed in 1985 and has offices in Menlo Park, Frankfurt, Luxembourg, London, Hong Kong, Madrid, Milan, Paris, Stockholm, Tokyo, Guernsey and New York City.


DEAL STATS #
Overall 131 of 170
Sector: Aerospace M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 51 of 55
Country: China M&A 3 of 4
Year: 2019 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-07 Cambrex

East Rutherford, New Jersey, United States

Cambrex is a life sciences company that provides products, services, and technologies to accelerate the development and commercialization of small molecule therapeutics. Cambrex was formed in 1981 and is headquartered in East Rutherford, New Jersey.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Axiom

New York, New York, United States

Axiom is a provider of tech-enabled legal, contracts, and compliance solutions for large enterprises. The company enables clients to access lawyers through a curated platform and build more dynamic teams to drive better business outcomes. Axiom was formed in 2000 and is based in New York, New York.

Buy -