LMB AEROSPACE
Acquired by
TIKEHAU CAPITAL / IDIA CAPITAL INVESTISSEMENT
LMB AEROSPACE acquired by TIKEHAU CAPITAL / IDIA CAPITAL INVESTISSEMENT
Target
LMB AEROSPACE
Acquirer
TIKEHAU CAPITAL / IDIA CAPITAL INVESTISSEMENT
Context
MBO Partners acquired an 80% stake in LMB from the American group Honeywell, which had owned the company since 2000. This "return to the French flag" allowed the management team to take a 20% stake. The transaction was financed with a senior debt representing slightly less than 2.5x EBITDA and a debt-to-equity ratio close to 1:1. The goal was to leverage MBO Partners' support offices in China, India, and Brazil to accelerate international expansion.
This transaction is part of the Industry & Manufacturing industry, which currently tracks an average EBITDA multiple of 10.2x since the beginning of 2026, 2.1% increase compared to 2025. 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.
Ent. Value
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Equity Value
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Multiples Analysis
EV / Revenue
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EV / EBITDA
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EV / EBIT
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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 | Engines & Systems | 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. |
mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.