LMB AEROSPACE acquired by TIKEHAU CAPITAL & IDIA CAPITAL INVESTISSEMENT
Context
MBO Partners has finalized the acquisition of an 80% controlling majority stake in LMB from the American industrial conglomerate Honeywell, executing a strategic cross-border carve-out transaction. The transaction capital structure was financed via a conservative mid-leverage model, utilizing a senior debt package representing slightly under 2.5x EBITDA alongside a balanced debt-to-equity ratio of approximately 1:1. The investment thesis centers on a classic primary buyout framework that transitions the company back to domestic ownership. Under the post-closing governance structure, the internal management team executed a strategic rollover to take a 20% equity stake, strongly aligning operational incentives with the new sponsor. The strategic rationale focuses on accelerating LMB's international expansion and scaling its global market share.
LMB AEROSPACE, which reported an EBITDA margin of in 2011, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with 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
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EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with LMB AEROSPACE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2025 | LOAR GROUP | LMB AEROSPACE | FRANCE | Engines & Systems |
REFERENCES
Revenue range: 5M - 25M EUR
EBITDA range: 0M - 5M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: tikehau capital / idia capital investissement