M&A
confidence high
sentiment neutral
materiality 0.70
Loar Holdings signs definitive agreement to acquire French aerospace company LMB for ~€365M plus debt
Loar Holdings Inc.
- Purchase price ~€365M with assumption of net debt estimated at €44.3M.
- Acquires all equity of LMB, a French aerospace manufacturer, from sellers including Tikehau and Amundi.
- Closing subject to approval by French Ministry of Economy; customary conditions and termination rights.
- Registrant guarantees Purchaser's obligations; Warranty Agreement with €1 liability cap and insurance.