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TransDigm Group logoTransDigm Group TDG

TransDigm said on May 28, 2024 it signed a definitive agreement to acquire Raptor Labs Holdco, LLC (Raptor Scientific), a portfolio company of L Squared Capital Partners, for about $655 million in cash, including certain tax benefits.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. TransDigm said on May 28, 2024 it signed a definitive agreement to acquire Raptor Labs Holdco, LLC (Raptor Scientific), a portfolio company of L Squared Capital Partners, for about $655 million in cash, including certain tax benefits.

  2. Raptor Scientific is a leading global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets, the company said. It said nearly all of its revenue comes from proprietary products. It also said it expects revenue of about $90 million for the calendar year ending December 31, 2024.

  3. Raptor Scientific employs about 170 people and has manufacturing facilities in Livermore, CA; Woodland Hills, CA; Berlin, CT; Huntsville, AL; and Peterborough, NH, the company said.

  4. The company said the acquisition is subject to regulatory approvals in the United States and customary closing conditions. It also said the acquisition will be financed with existing cash on hand.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

TransDigm Agrees to Acquire Raptor Scientific

TransDigm said on May 28, 2024 it signed a definitive agreement to acquire Raptor Labs Holdco, LLC (Raptor Scientific), a portfolio company of L Squared Capital Partners, for about $655 million in cash, including certain tax benefits.

Source · Based on the filing body and exhibits

Raptor Scientific Business and Revenue Scale

Raptor Scientific is a leading global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets, the company said. It said nearly all of its revenue comes from proprietary products. It also said it expects revenue of about $90 million for the calendar year ending December 31, 2024.

Source · Based on the filing body and exhibits

Headcount and Manufacturing Sites

Raptor Scientific employs about 170 people and has manufacturing facilities in Livermore, CA; Woodland Hills, CA; Berlin, CT; Huntsville, AL; and Peterborough, NH, the company said.

Source · Based on the filing body and exhibits

Closing Conditions and Funding

The company said the acquisition is subject to regulatory approvals in the United States and customary closing conditions. It also said the acquisition will be financed with existing cash on hand.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.