Searchlight Capital Partners’ Acquisition of Technical Airborne Components

Jones Day advised TransDigm Group Incorporated on the deal.

Technical Airborne Components (“TAC”, “the Company”), a leading designer and manufacturer of rods and struts for the aerospace industry, announced that Searchlight Capital Partners (“Searchlight”), a leading global private investment firm, has entered into a definitive agreement to acquire the Company from TransDigm Group Incorporated (“TransDigm Group”) (NYSE: TDG).

TAC is one of the leading European players in the rods and struts market with a presence in commercial aircraft, regional and business jets, helicopters, as well as military and space programs. The Company benefits from long-standing relationships with key aircraft manufacturers including Airbus, Leonardo and Pilatus, among others, as well as differentiated design-to-build capabilities. This results in an attractive sole-source portfolio underpinned by long-term contracts, as well as exposure to growing platforms like the A320. TAC is based in Belgium (Liège), with approximately 170 employees.

Searchlight is a global private investment firm with over $9 billion in assets under management and offices in New York, London and Toronto.

TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.

The Jones Day team team was led by Vica Irani (Picture) and Kevin Samuels. 

 

 

 

Involved fees earner: Vica Irani – Jones Day; Kevin Samuels – Jones Day;

Law Firms: Jones Day;

Clients: TransDigm Group;

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Federica Tiefenthaler

Author: Federica Tiefenthaler