Exclusive: Buyout, aerospace firms close in on $8 billion-plus Boeing navigation unit, sources say

Mike Stone - Reuters - 28/03
Several private equity firms and at least one aerospace supplier are among the remaining bidders competing to buy Boeing's Jeppesen navigation unit for more than $8 billion, according to people familiar with the matter.
  • TransDigm, several buyout firms among final bidders for Jeppesen
  • Jeppesen expected to be valued at $8 billion-$9 billion
  • Several buyout firms have formed groups to bid
March 28 (Reuters) - Several private equity firms and at least one aerospace supplier are among the remaining bidders competing to buy Boeing's (BA.N), opens new tab Jeppesen navigation unit for more than $8 billion, according to people familiar with the matter.
Boeing is expected to invite bids for Jeppesen from the suitors in the coming weeks, six sources told Reuters, requesting anonymity as the discussions are confidential.

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In recent weeks, several private equity firms have joined together to pursue a buyout of Jeppesen. Those private equity groups include Vista Equity and Warburg Pincus; Advent International and Permira; and TPG and Francisco Partners, according to three of the sources.
The remaining parties also include aircraft parts maker TransDigm (TDG.N), opens new tab, and technology-focused buyout firms Thoma Bravo and Silver Lake, who are bidding separately.
Honeywell (HON.O), opens new tab and Carlyle (CG.O), opens new tab had also expressed interest in acquiring Jeppesen, the sources added. It is unclear whether Honeywell and Carlyle are planning to submit final offers. Honeywell has its own competing navigation products.
If the talks to sell Jeppesen are successful, the deal would rank as one of the biggest carve-out transactions in recent memory. In 2023, Ball Corp (BALL.N), opens new tab sold its aerospace assets to Britain's BAE Systems for about $5.6 billion.
The final offers are expecte...
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