Cuatrecasas is advising private investment firm Bain Capital Private Equity on acquiring aero engine manufacturer ITP Aero from Rolls-Royce for approximately €1.7 billion. Bain Capital Private Equity leads a consortium of investors, including the companies SAPA and JB Capital. The transaction is expected to close in the first half of 2021.
Thanks to this deal, Bain Capital will help advance ITP Aero’s business plan as a means to ensure its continuity, maintain the workforce and boost business expansion for the company, which continues to be a key long-term strategic supplier for Rolls-Royce.