LMB AEROSPACE acquired by LOAR GROUP
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 [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, representing a premium to the average currently observed in the Industry & Manufacturing sector (11.7x).
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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
€300–700M
Equity Value
[members only]
Multiples
EV / Revenue
Above 6x
EV / EBITDA
10x–18x
EV / EBIT
10x–18x
Historical Financials (EUR)
Other operations with LMB AEROSPACE
Other operations with LMB AEROSPACE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2012 | TIKEHAU CAPITAL / IDIA CAPITAL INVESTISSEMENT | LMB AEROSPACE | FRANCE | Engines & Systems |
Similar deals in Aerospace, Naval & Defense
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2026 | CAPZA | UUDS | FRANCE | MRO (Maintenance, Repair & Overhaul) |
| 01/2026 | SIPAREX / SOCADIF / BNP PARIBAS DEVELOPPEMENT | NOVAKAMP | FRANCE | Aerospace, Naval & Defense |
| 12/2025 | TRANSDIGM | STELLANT SYSTEMS | UNITED STATES | Electronics |
| 12/2025 | FAE TECHNOLOGY | KAYSER ITALIA | ITALY | Electronics |
| 12/2025 | INDRA GROUP | WAKE ENGINEERING | SPAIN | Electronics |
| 12/2025 | ANDERA PARTNERS | SPHEREA | FRANCE | Engines & Systems |
| 12/2025 | IDIA CAPITAL INVESTISSEMENT / BNP PARIBAS DEVELOPPEMENT / MULTICROISSANCE | RECAERO | FRANCE | MRO (Maintenance, Repair & Overhaul) |
| 11/2025 | ARCLINE INVESTMENT MANAGEMENT | NOVARIA GROUP | UNITED STATES | Aerostructures |
| 10/2025 | ARTÁ CAPITA | AVIACTION | SPAIN | MRO (Maintenance, Repair & Overhaul) |
| 09/2025 | SODERO | CORAXES | FRANCE | Aerostructures |
REFERENCES
Valuation range: EV €300–700M
Revenue range: €25–50M
EBITDA range: €10–30M
EV/Revenue range: Above 6x
EV/EBITDA range: 10x - 18x
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