mynth
12/2025

LMB AEROSPACE acquired by LOAR GROUP

FRANCE Aerospace, Naval & Defense / Engines & Systems EV 300M - 700M EUR

Context

Loar Group acquired 100% of LMB Aerospace from a consortium led by Tikehau Capital (Aero Fund), Amundi, and IDIA Capital Investissement. The transaction represents a significant multiple for Tikehau (>2.5x MOIC), doubling the entry valuation from 2021. The deal was financed via an incremental term loan provided by Blackstone. Despite initial concerns regarding industrial sovereignty and opposition from the French DGA (Directorate General of Armaments), the French Ministry of Economy authorized the sale in late 2025.

It is worth noting that the fund Tikehau Capital / Idia Capital Investissement took control of Lmb Aerospace through an LBO in 2012.

LMB AEROSPACE, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.8x).

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Target

Founded over 60 years ago, LMB Aerospace is a global leader in high-performance electric fans, blowers, and motors for harsh environments. Its products are critical for cooling electronics and engines in aerospace (Rafale), naval (nuclear submarines), space, and land defense platforms. The company maintains 2,000+ proprietary designs and serves over 250 global clients.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

Other operations with LMB AEROSPACE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
07/2012TIKEHAU CAPITAL / IDIA CAPITAL INVESTISSEMENTLMB AEROSPACEFRANCEEngines & Systems

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of LMB AEROSPACE by LOAR GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: loar group