TransDigm, a global designer, producer and supplier of highly engineered aircraft components, agreed to acquire Raptor Scientific, a global manufacturer of complex test and measurement solutions primarily serving the aerospace and defense end markets, from L Squared Capital Partners, a private equity firm, for $655m. "We are excited about the acquisition of Raptor Scientific. The Company's comprehensive proprietary and highly engineered product portfolio of aerospace and defense testing and instrumentation solutions fits well with our value generation strategy. Raptor Scientific's test and measurement solutions are used on a diverse range of new and existing aircraft platforms, and the Company has an outstanding reputation with its customers. As with all TransDigm acquisitions, we expect this acquisition to create equity value in-line with our long-term private equity-like return objectives," Kevin Stein, TransDigm President and CEO.