Alternative global alternative asset management group Tikehau Capital, along with Amundi Private Equity Funds, investors from Credit Agricole group — including IDIA Capital Investissement— and Arkea Capital, have entered into exclusive discussions to sell LMB Aerospace to Loar Group.
LMB Aerospace designs, produces, and distributes electric fans and cooling solutions for aerospace and defence applications.
Tikenhau Capital invested in LMB Aerospace in 2022 through its private equity aerospace and defence strategy, and expand the company's footprint in Europe and North America while diversifying its offerings across new verticals.
“The sale of LMB Aerospace would mark the third divestment of our flagship private aerospace and defence strategy, reflecting our commitment to building resilient, high-performance businesses in the sector,” said Tikehau Capital deputy CEO Henri Marcoux and head of private equity Emmannuel Laillier in a joint statement.
LMB Aerospace CEO Thomas Bernard added: “Over the past years, LMB Aerospace has strengthened its position as a key player in high-performance cooling solutions for aerospace and defence. With the support of Tikehau Capital, Amundi and IDIA Capital Investissement, we have expanded our reach in North America and further enhanced our capabilities to serve our global customers. As we enter this exciting new chapter with Loar Group, we look forward to leveraging their expertise and industry network to accelerate our growth.”
Loar Group is an aerospace and defence components specialist headquartered in New York.