Add-on Acquisition • Aerospace

Latecoere Acquires Technical Airborne Components

On August 31, 2021, Latecoere acquired aerospace company Technical Airborne Components from Searchlight Capital Partners

Acquisition Context
  • This is Latecoere’s 2nd transaction in the Aerospace sector.
  • This is Latecoere’s 1st transaction in Belgium.

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M&A Deal Summary

Date August 31, 2021
Target Technical Airborne Components
Sector Aerospace
Buyer(s) Latecoere
Sellers(s) Searchlight Capital Partners
Deal Type Add-on Acquisition

Target Company

Technical Airborne Components

Milmort, Belgium
Technical Airborne Components designs and manufactures rods and struts for the aerospace industry. TAC is recognized worldwide as the reference source for high-quality, custom-engineered control, structural and system rods. Its expertise in design, development, and manufacturing of metallic & composite struts and rods is complemented by related machined parts (e.g. cranks, brackets), special tubular links, telescopic rods, torque shafts, and special rod ends. Technical Airborne Components was founded in 1981 and is based in Milmort, Belgium.
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Buyer Overview 1

Buyer

Latecoere

Toulouse, France

Category Company
Founded 1917
Sector Aerospace
Revenue 376M EUR (2021)
DESCRIPTION

Latecoere is a provider in the aviation sector, working in the fields of aerostructures, wiring, embedded systems and engineering services. Latecoere was founded in 1917 and is based in Toulouse, France.


Deal Context for Buyer #
Overall 2 of 5
Sector: Aerospace 2 of 5
Type: Add-on Acquisition 1 of 3
Country: Belgium 1 of 1
Year: 2021 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-31 Bombardier - Electrical Wiring Interconnection System Business

Queretaro, Mexico

Bombardier, Inc.'s Electrical Wiring Interconnection System Business specializing in harnessing and electrical sub-assemblies in Queretaro, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 SDM

Sonora, Mexico

SDM is a provider of advanced, precision-engineered structural composite assemblies and components, for the aerospace industry. SDM is based in Sonora, Mexico.

Buy -

Seller Profile 1

SELLER

Searchlight Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Searchlight Capital Partners is a private investment firm founded in 2010. The Firm will invest across the capital structure, including equity and debt and will consider a variety of transaction situations, from simple to complex. Areas of focus include communications, media, information, IT services, business services, financial services, consumer services, consumer products, education, and industrial goods/services. The Firm will consider opportunities across North America and Europe. Searchlight Capital has offices in New York, London, and Toronto.


Deal Context for Seller #
Overall 6 of 16
Sector: Aerospace 1 of 1
Type: Add-on Acquisition 2 of 7
Country: Belgium 1 of 1
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Flowbird Group

Neuilly-sur-Seine, France

Flowbird Group is a provider of parking management solutions and a major player in public transport ticketing equipment. The company operates through two business divisions, Smart Parking operates across the whole value chain of the on-street parking management and Smart Transport provides ticketing solutions (connected ticket and validation terminals) and associated software systems for public transport. Flowbird Group is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Adams Outdoor

Lansing, Michigan, United States

Adams Outdoor is an outdoor and location-based advertising firm, whose goal is to form marketing partnerships with advertisers providing them with the best media strategies. Adams Outdoor was formed in 1983 and is headquartered in Lansing, Michigan.

Buy -

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