mynth
07/2012

LMB AEROSPACE acquired by TIKEHAU CAPITAL & IDIA CAPITAL INVESTISSEMENT

FRANCE Aerospace, Naval & Defense / Engines & Systems REV 5M - 25M EUR

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

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2011
2010

Other operations with LMB AEROSPACE

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
12/2025LOAR GROUPLMB AEROSPACEFRANCEEngines & Systems

REFERENCES

Revenue range: 5M - 25M EUR

EBITDA range: 0M - 5M 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 TIKEHAU CAPITAL / IDIA CAPITAL INVESTISSEMENT 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.

Acquirer: tikehau capital / idia capital investissement