CVC Capital Partners completed the acquisition of Ontic from BBA Aviation for $1.36bn.

BBA Aviation, a provider of global aviation support and aftermarket services, completed the sale of Ontic, a provider of high-quality, OEM-licensed parts for legacy aerospace platforms, to CVC Capital Partners, for an enterprise value of $1.36bn. The Ontic disposal will allow BBA to focus on its core Signature business, the leading global FBO operator and service provider for the B&GA market. "Ontic is a growing, highly resilient business and a leading player in what we believe to be a very attractive market. We see multiple opportunities to develop the business further and look forward to working closely with Ontic's excellent management team to take the company to the next level," James Mahoney, Senior Managing Director, CVC Capital Partners.