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 LOGIN in 2011, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (10.9x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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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.
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Historical Financials (EUR)
Other operations with LMB AEROSPACE
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 12/2025 | LOAR GROUP | LMB AEROSPACE | FRANCE | Aerospace, Naval & Defense | 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. |
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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: tikehau capital / idia capital investissement