M&A
confidence high
sentiment neutral
materiality 0.70
Loar Holdings grants put option to acquire 100% of French aerospace company ASC3 LMB TopCo
Loar Holdings Inc.
- Loar Group Inc. irrevocably commits to purchase 100% of ASC3 LMB TopCo via put option exercisable by sellers (Tikehau, Amundi, others) until May 15, 2025.
- Exclusivity period runs to June 30, 2025; sellers cannot solicit other bids for the target.
- Conditions include French works council consultation, regulatory clearance, and signing of definitive SPA.
- Separate Incremental Term Facility Commitment Letter with Blackstone Alternative Credit Advisors LP for financing.
- Works council convened within 5 business days; put option expires May 15, 2025 unless exercised earlier.