M&A Deal Summary

Bain Capital Private Equity Acquires ITP Aero

On September 27, 2021, private equity firm Bain Capital Private Equity acquired aerospace company ITP Aero from Rolls Royce Holdings for 1.7B EUR

Acquisition Highlights
  • This is Bain Capital Private Equity’s 2nd transaction in the Aerospace sector.
  • This is Bain Capital Private Equity’s 34th largest (disclosed) transaction.
  • This is Bain Capital Private Equity’s 1st transaction in Spain.

M&A Deal Summary
Date 2021-09-27
Target ITP Aero
Sector Aerospace
Buyer(s) Bain Capital Private Equity
Sellers(s) Rolls Royce Holdings
Deal Type Divestiture
Deal Value 1.7B EUR

Target

ITP Aero

Zamudio, Spain
ITP Aero is an aerospace and engine component supplier in the world with its production centres in Spain, UK, Mexico, Malta, and India. ITP Aero’s activities include the design, research and development, manufacturing and casting, assembly, and testing of aeronautical modules and engines for commercial aviation and defense applications. It also provides maintenance repair and overhaul (MRO) services for a wide range of business jet and defense engines, including providing MRO services to the Spanish Ministry of Defence. ITP Aero is based in Zamudio, Spain.

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Buyer(S) 1

Buyer

Bain Capital Private Equity

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Private Equity (BCPE), is the private equity investment arm of alternative asset management firm, Bain Capital. BCPE targets leveraged buyout and growth capital transactions in a wide variety of industries including information technology, communications, media, healthcare, industrial/manufacturing, retail/consumer, and financial services. Bain Capital is based in Boston with additional offices in New York, London, Mumbai, Hong Kong, Shanghai, Tokyo, and Munich.

DEAL STATS #
Overall 203 of 234
Sector (Aerospace) 2 of 2
Type (Divestiture) 35 of 37
Country (Spain) 1 of 1
Year (2021) 11 of 15
Size (of disclosed) 34 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-01 Berlin Brands Group

Berlin, Germany

Berlin Brands Group is an owner-managed e-commerce company operates product development, brand building and online distribution in 18 European countries. Berlin Brands Group is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-04 1440 Foods

New York, New York, United States

1440 Foods is a functional snacking and active lifestyle platform with 4 brands: Pure Protein, Met RX, Body Fortress, and Balance Bar. The Company sells protein bars, protein powders, ready-to-drink protein shakes, and protein salty snacks. 1440 Foods is based in New York City.

Buy -

Seller(S) 1

SELLER

Rolls Royce Holdings

London, United Kingdom
Category Company
Founded 1884
Sector Aerospace
Employees41,400
Revenue 16.5B GBP (2023)
DESCRIPTION
Rolls Royce office in Reston, Virginia.
Rolls Royce office in Reston, Virginia.

Rolls-Royce is a provider of power systems and services for use on land, at sea and in the air, and has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy. Rolls-Royce Holdings was founded in 1884 and is based in London, England.

DEAL STATS #
Overall 7 of 8
Sector (Aerospace) 2 of 2
Type (Divestiture) 7 of 8
Country (Spain) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-25 VisiumKMS

Houston, Texas, United States

VisiumKMS, Inc. is a web-based software solution designed for Quality, HSE, PSM, Operability, Operational Excellence, Security, Asset & Operational Integrity, and Operational Risk Management teams. VisiumKMS is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-19 Rolls-Royce Naval Propulsors & Handling Business

London, United Kingdom

Rolls-Royce Naval Propulsors & Handling Business provides power solutions for customers from designing and developing through aftermarket support and product servicing. It provides propulsion equipment - including Controllable-Pitch Propellers, Fixed-Pitch Propellers, and Waterjets for a wide range of U.S. Navy platforms, including Frigates, Destroyers, Combatants, Submarines, Aircraft Carriers, Amphibious ships, Fleet Support and Auxiliary Ships, as well as U.S. Coast Guard Cutters.

Sell -
Mergr

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