KAPPA OPTRONICS acquired by THEON INTERNATIONAL

Artá Capital has reached an agreement to acquire 100% of the share capital of Aviaction from Buenavista Equity Partners, marking the latter’s full exit after a six-year holding period. Since 2019, Buenavista transformed the business from a niche cabin specialist (AIRE) into a diversified MRO leader through the strategic acquisitions of Air Clean Textil and Servitec. This successful buy-and-build phase allowed Aviaction to double its revenues to nearly €27 million by the end of 2024. The strategic rationale for Artá Capital is to utilize Aviaction as a primary platform to further consolidate the fragmented Spanish aircraft maintenance sector. The firm intends to support the existing management team, led by CEO Juan Antonio Carrasco, in expanding technical capabilities and opening new workshops. This transaction represents the fourth investment for Artá Capital Fund III. The deal was supported by Deloitte Corporate Finance (Financial & Debt) and Eversheds Sutherland (Legal) for the buyer, while Greenhill Mizuho and Addleshaw Goddard advised the seller.

Sodero has successfully acquired a minority stake in Coraxes to accelerate the company’s industrial scale-up and support its ambitious "2030 Roadmap". Sodero joins the company's existing historical private equity shareholder, perfectly aligning to provide robust financial backing. A notable aspect of this capital reorganization is the inaugural opening of the shareholding structure to the company's broader employee base, deeply aligning the workforce with the firm's strategic objectives. The primary rationale underpinning this partnership is to successfully finance upcoming heavy industrial investments, modernize production capabilities, and actively prepare a dedicated external growth campaign aimed at systematically doubling Coraxes's operational scale in the coming years.

Cargotec agreed to sell its MacGregor business line to Triton. This transaction marks the final step in Cargotec's strategy to separate its businesses (following the spin-off of Kalmar). Cargotec will rename itself "Hiab" and focus exclusively on on-road load handling. MacGregor becomes an independent standalone company under Triton's ownership.

Safran has successfully finalized the acquisition of 100% of the Actuation and Flight Control business from Collins Aerospace (an RTX company). To satisfy antitrust regulatory requirements, Safran simultaneously completed the divestment of its North American electromechanical actuation activities (generating $65M in revenue) to the Woodward group. The strategic rationale for Safran is to merge Collins’ expertise in hydraulic/mechanical systems with Safran’s own leadership in electrical actuation. This combination creates a global powerhouse positioned for future "more electric" aircraft programs. The deal is financially compelling, expected to be accretive to EPS from the first year and to generate $50 million in annual pre-tax cost synergies by 2028.

Inespasa has acquired the remaining 50% stake in UMI Aero Group from its long-term partner Mecanizados Eulogio Peña (Meupe), becoming the sole owner of the consortium. This strategic transaction responds to the aerospace industry's current drive toward supplier consolidation, specifically encouraged by Airbus to simplify its portfolio of subcontractors. The acquisition marks a shift from organic growth to an inorganic expansion strategy, partly driven by the complex financing landscape currently affecting the aerospace sector. The strategic rationale focuses on integrating UMI’s turnkey structural solutions and extensive project management expertise fully into Inespasa’s operations. This consolidation allows the combined entity to scale its workforce to 300 employees and optimize its production capacity across three centers in Seville. The merger positions the group to better serve major multi-year contracts for the Airbus A220, A330 Cargo, and Boeing 787 programs, as well as high-end business jet structures for Dassault. By controlling 100% of UMI, Inespasa simplifies its governance and strengthens its balance sheet to compete for larger, more complex aerostructure work packages on a European level.

Stonepeak's acquisition of Forgital represents a strategic investment into a market-leading manufacturer of critical aerospace and industrial components. The transaction is underpinned by Forgital's established position as a trusted partner to premier aerospace OEMs and other industrial clients, a reputation built on its commitment to quality, innovation, and reliability. Stonepeak identified a significant growth opportunity within the company, driven by strong, durable long-term demand fundamentals in the commercial aerospace end market. The investment firm intends to leverage its deep expertise in mission-critical infrastructure and industrial growth platforms to support Forgital's next phase of expansion and accelerate its strategic agenda. A key element of this new chapter is the appointment of John Slattery, a seasoned aerospace executive formerly with GE Aerospace and Embraer, as Chairman of the Board. This move signals a clear intent to deepen Forgital's aerospace focus and leverage industry-leading expertise to guide its future growth. The partnership aims to enhance Forgital's capacity to innovate and expand its service offerings for customers in highly demanding, precision-engineered applications globally.

Tikehau Capital has entered into exclusive negotiations to acquire a controlling stake in ScioTeq from OpenGate Capital, which will retain a minority interest in the business. This secondary buyout follows a successful four-year turnaround and carve-out from the American equipment manufacturer TransDigm. Since 2021, the target has significantly improved its operational performance, expanding its international footprint and sharply increasing its profitability. The transaction is supported by a unitranche facility provided by J.P. Morgan. Strategic rationale for the new ownership cycle includes expanding the target's presence in the land and naval defense sectors and pursuing further European bolt-on acquisitions. The partnership aims to capitalize on the structural growth of global defense spending and the target's unique position as a critical European technology provider.

Redwire Corporation has completed the acquisition of 100% of Edge Autonomy from AE Industrial Partners and its affiliates. The strategic transaction, approved by Redwire shareholders on June 13, 2025, establishes the combined entity as a scaled global leader in the aerospace and defense sector. The deal transforms Redwire into a multi-domain disruptor capable of delivering integrated autonomous operations across space and airborne domains. The strategic rationale for the deal is to capitalize on the convergence of space-based and UAS technologies, which are among the fastest-growing trends in defense technology. By adding Edge Autonomy’s UAS platforms, Redwire can now offer AI-enabled, software-defined solutions that provide connectivity from the Earth's surface to the Moon and beyond. The acquisition significantly strengthens Redwire’s financial profile, providing a clear path to profitability with positive Free Cash Flow. The integration was supported by debt financing led by Texas Capital Securities and advised by J.P. Morgan and GH Partners.

TriMas has completed the acquisition of the aerospace business of GMT Gummi-Metall-Technik GmbH, a maneuver designed to fundamentally reinforce the group's technical operational depth in the European defense and commercial aviation sectors. The strategic rationale for this transaction centers on a "geographic-anchoring" play, merging the target's industry-leading expertise in tie-rods and anti-vibration hardware with the group’s extensive North American distribution and engineering infrastructure. This structural alignment provides the organization with the manufacturing footprint and strategic proximity required to better serve major European Tier 1 suppliers and OEMs.

Alfa Laval has entered into a definitive agreement to acquire NRG Marine, a specialized provider of ultrasonic anti-fouling technology, in a full strategic buyout expected to close during the second quarter of 2025. This platform investment is a highly synergistic move for the acquirer's marine division, fundamentally aimed at enriching its portfolio of sustainable technological solutions. The integration of the proprietary ultrasonic technology allows the acquirer to offer a comprehensive, multi-faceted approach to the critical issue of bio-fouling, complementing its existing filter and UV treatment capabilities. The transaction is deeply rooted in a sector-wide push for decarbonization and energy efficiency, enabling the integration of solutions that support maritime and industrial clients in navigating increasingly strict environmental regulations while optimizing operational performance.