ITP Aero

Indra Tecnocom

The Government asks Bain Capital to leave a period of six months open for Indra to participate in ITP Aero

BancaMarch | The Government has made a request to US fund Bain Capital for a window of an additional six months, with the aim of incorporating a Spanish partner, presumably Indra, into the shareholding of Basque airplane engines manufacturer ITP Aero. This is according to several media reports. Bain anticipates closing the acquisition of ITP in June. Thence the request for an additional time period so that Indra, in which…


Rolls-Royce Sells ITP Aero For 1.6 billion Euros To Bain, Which Has 10 Months To Find More Spanish Partners

US fund Bain has closed the purchase of 100% of ITP Aero, the aeronautical components manufacturer, for 1.6 billion euros, with SAPA from Guipuzcoa as an industrial partner. JB Capital has also joined the US investment fund and the Andoain-based company as a shareholder. The buyers are committed to maintaining employment – more than 4,000 workers – and the head office and financial headquarters in the Basque Country (in Zamudio,…