Searchlight Capital Partners to Acquire Technical Airborne Components from TransDigm Group
April 13 2021 - 6:20AM
Business Wire
Technical Airborne Components (“TAC”, “the Company”), a leading
designer and manufacturer of rods and struts for the aerospace
industry, is pleased to announce 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.
Ralf Ackermann, Partner at Searchlight, commented: “We are
delighted to be partnering with TAC and its management team and
look forward to drawing upon our industry and operational
expertise, as well as our transatlantic presence to accelerate its
growth. This investment further demonstrates our belief in the
long-term recovery of the Aerospace sector.”
Dirk Dhooge, President of TAC, commented: “This is an exciting
opportunity for the entire TAC team, we look forward to working
with Searchlight to expand our business and gain new opportunities.
We believe that this transaction keeps TAC well-positioned for the
impending Aerospace recovery.”
About Searchlight Capital Partners
Searchlight is a global private investment firm with over $9
billion in assets under management and offices in New York, London
and Toronto. Searchlight seeks to invest in businesses where its
long-term capital and strategic support accelerate value creation
for all stakeholders.
About TransDigm Group
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. Major product offerings, substantially
all of which are ultimately provided to end-users in the aerospace
industry, include mechanical/electro-mechanical actuators and
controls, ignition systems and engine technology, specialized pumps
and valves, power conditioning devices, specialized AC/DC electric
motors and generators, batteries and chargers, engineered latching
and locking devices, engineered rods, engineered connectors and
elastomer sealing solutions, databus and power controls, cockpit
security components and systems, specialized and advanced cockpit
displays, aircraft audio systems, specialized lavatory components,
seat belts and safety restraints, engineered and customized
interior surfaces and related components, advanced sensor products,
switches and relay panels, thermal protection and insulation,
lighting and control technology, parachutes, high performance
hoists, winches and lifting devices, and cargo loading, handling
and delivery systems.
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version on businesswire.com: https://www.businesswire.com/news/home/20210413005587/en/
Searchlight Capital Partners Media relations Pierre-Jean
Le Mauff (Taddeo) +33 (0)7 77 78 58 67 /
pierre-jean.lemauff@taddeo.fr
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