Top 10 Private Equity Investors in the Aerospace and Defense Industry in the World in 2021 by Deal Value

Bain Capital LP, Lone Star Funds, The Carlyle Group Inc., KKR & Co Inc, and ChrysCapital Management Company are among the top 5 private equity investors in the aerospace and defense industry in 2021 by deal value. In terms of the geographic split, 8 out of 10 of the world’s top 10 private equity investors in the aerospace and defense industry are headquartered in North America, whereas the remaining 2 are based in Europe and Africa. They employed a total of 6,449 people in 2021. The Carlyle, Stellex Capital-IMIA Group deal was one of the major deals in the aerospace and defense sector in 2021. Harris Williams and Mensura Capital served as financial advisors to JFLCO, while Blank Rome served as legal advisors. The Carlyle Group and Stellex Capital Management, the US-based investment affiliates, have acquired IMIA Group Holdings, LLC, a provider of multi-disciplined marine services for the maintenance, repair, and overhaul (MRO) and new construction of United States Navy (USN) vessels, from J.F. Lehman & Company (JFLCO), a private equity firm. The deal was completed in Q4 2021. The SAPA Placencia-ITP Aero deal was another major deal in the aerospace and defense sector in 2021. Goldman Sachs & Co LLC served as legal advisor to Bain Capital LP. Bain Capital LP, a US-based private equity firm, JB Capital, and SAPA, signed a definitive agreement to acquire a 100% stake in Industria de Turbo Propulsores (ITP Aero), a Spain-based aircraft engine and components company that manufactures engine parts for jets, helicopters, and ships, from Rolls-Royce Holdings Plc, a UK-based designer and manufacturer of aero, marine and industrial gas turbines for civil and military aircraft, for approximately EUR1.7 billion ($1.9 billion). The deal was completed in Q2 2022.