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by Stephen Perry on 08/09/2024
Irvine, CA (October 9, 2024) - Janes Capital Partners served as a buy-side advisor to TransDigm Group (NYSE:TDG) in its $655M acquisition of Raptor Scientific, a portfolio company of L Squared Capital Partners (“L2”).
TransDigm Group Incorporated (NYSE: TDG), has announced the acquisition of Raptor Labs Holdco, LLC ("Raptor Scientific" or "the Company"), a portfolio company of L Squared Capital Partners (“L2”), for approximately $655 million in cash, including certain tax benefits. The acquisition was completed on July 31, 2024, following the fulfillment of regulatory approvals and customary closing conditions. TransDigm financed the transaction through existing cash on hand. This strategic acquisition is expected to enhance TransDigm's product offerings in the aerospace and defense testing and instrumentation market, contributing to the company's long-term value creation objectives.
Raptor Scientific is a leading global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets. The Company's products are highly engineered, proprietary components with significant aftermarket content and a strong presence across major aerospace and defense platforms. Nearly all of Raptor Scientific's revenue is generated from proprietary products. The Company is expected to generate approximately $90 million in revenue for the calendar year ending December 31, 2024. The Company employs approximately 170 people and has manufacturing locations in Livermore, CA; Woodland Hills, CA; Berlin, CT; Huntsville, AL; and Peterborough, NH.
Under L Squared's ownership, Raptor Scientific grew into a recognized provider of test and measurement solutions, offering advanced proprietary technologies with significant aftermarket potential. The firm played a key role in preparing Raptor Scientific for acquisition by a strategic buyer like TransDigm Group by focusing on value creation, operational improvements, and market positioning.
About TransDigm group
Based in Cleveland, OH, TransDigm Group (www.transdigm.com) (NYSE: TDG), 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. Its products include actuators, ignition systems, engine technologies, pumps, valves, motors, batteries, locking devices, connectors, cockpit security and displays, audio systems, lavatory components, interior surfaces, sensors, lighting, parachutes, hoists, and cargo handling systems, as well as testing equipment and services.
About Raptor scientific
Based in Merlin, CT, Raptor Scientific (www.raptor-scientific.com) is a global leader in complex test and measurement solutions for advanced Defense, Space, and Aerospace applications. The Raptor platform results from the prior acquisition and integration of four companies: Space Electronics, Sensor Concepts, TestVonics, and King Nutronics.
About L Squared Capital Partners
L2 Capital Partners (www.L2Capital.net) is a boutique lower middle market private equity firm that specializes in making controlling investments in a diverse range of family and founder-built companies with demonstrated market leadership and unlocked potential for growth. L2 Capital partners closely with company leadership to meet their strategic and financial goals by providing intimate operational support including a growth framework in addition to access to resources and technology gained over 40 years of principal investing experience.
About Janes Capital Partners
Based in Irvine, CA, Janes Capital Partners (www.janescapital.com) is a leading investment banking firm focused solely on the Aerospace and Defense industry. The firm provides mergers and acquisition advisory services and assists clients in executing growth strategies and liquidity events. The members of Janes Capital Partners have completed more than 80 successful A&D transactions and $5.5 billion in closed transaction value. Securities transactions are conducted through JCP Securities, Inc., a registered Broker/Dealer, member FINRA/SIPC, and registered Investment Advisor.
Janes Capital Partners is an independent financial advisory firm that is affiliated with Oaklins International Inc (www.oaklins.com). Oaklins is the world’s most experienced mid-market M&A advisor, with 850 professionals globally and 15 dedicated industry teams in 45 countries.