TransDigm Group has acquired Raptor Scientific from L Squared Capital Partners for US$655 million

July 2024 — TransDigm Group Incorporated (NYSE: TDG) has successfully completed its acquisition of Raptor Scientific, a portfolio company of L Squared Capital Partners, for approximately US$655 million in cash.

TransDigm Group, 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. Major product offerings, substantially all of which are ultimately provided to end-users in the aerospace industry, include mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, engineered latching and locking devices, engineered rods, engineered connectors and elastomer sealing solutions, databus and power controls, cockpit security components and systems, specialized and advanced cockpit displays, engineered audio, radio and antenna systems, specialized lavatory components, seat belts and safety restraints, engineered and customized interior surfaces and related components, advanced sensor products, switches and relay panels, thermal protection and insulation, lighting and control technology, parachutes, high performance hoists, winches and lifting devices, cargo loading, handling and delivery systems and specialized flight, wind tunnel and jet engine testing services and equipment.

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. It is expected to make approximately US$90 million in revenue for the calendar year ending 31 December 2024. Raptor Scientific employs about 170 people and has manufacturing locations in Livermore, CA; Woodland Hills, CA; Berlin, CT; Huntsville, AL; and Peterborough, NH.

L Squared Capital Partners is a private equity investment firm with over US$2 billion of equity commitments under management, headquartered in Newport Beach, CA. It seeks to make long-term investments in leading growth companies that operate in targeted sectors, such as education technology, tech-enabled services & software and industrial technology & services. L Squared’s unique investor base of family offices and institutions enables the firm to focus on long-term value creation driven by revenue and earnings growth, not financial engineering or market timing. The principals of L Squared have worked together for over 15 years and have over 125 years of combined experience investing in growing private companies.

Our role in the transaction

Oaklins Janes Capital, our aerospace, defense & security specialists in Irvine, advised TransDigm Group on this acquisition.