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New Deal


Announced

Canada Pension Plan Investment to invest $450m in CVC Capital-backed Ontic.

Financials

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Transaction Value£358m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Minority

Cross Border

aviation parts

airplane parts

Aerospace

Acquisition

Private Equity

Pending

Friendly

Single Bidder

United Kingdom

Synopsis

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Canada Pension Plan Investment, a private equity firm, agreed to invest $450m in CVC Capital-backed Ontic, a provider of OEM licenced parts and repair services for established aerospace technologies. "Ontic is a globally trusted aerospace partner, supporting and supplying established aircraft parts to the world's aerospace leaders. It is uniquely positioned to address the strong need for products and services necessary to extend longevity of existing aircraft fleets. We look forward to working alongside CVC, a long-standing partner to CPP Investments, and the Ontic leadership team, to support the business as it aims to continue its current growth trajectory, while delivering attractive risk-adjusted returns for CPP contributors and beneficiaries," Hafiz Lalani, CPP Investments Managing Director.

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