Tag Archives: Aerospace

Carlyle Announces Expansion of its Capabilities in the Aerospace, Defense & Government and Industrial Sectors Through a Dedicated Middle-Market Platform

Carlyle

Washington, D.C. — May 27, 2026 — Carlyle (NASDAQ: CG) today announced an expansion of its Aerospace, Defense & Government and Industrial teams through a dedicated middle-market platform focused on opportunities across the United States and Europe. These efforts enhance Carlyle’s existing capabilities and build on Carlyle’s decades-long history supporting national security, defense modernization, industrial resilience, and supply chain transformation.

Ian Fujiyama, who has been with Carlyle for 28 years and currently serves as Global Head of Aerospace, Defense & Government, will serve as Chairman. The effort will be led by Aaron Hurwitz, who leads Carlyle’s investments in Defense, and Wes Bieligk, a Partner on Carlyle’s Industrials team.

Carlyle also announced that General Bryan Fenton (Ret.), former Commander of U.S. Special Operations Command, will join the firm as an Operating Executive. General Fenton will support Carlyle’s capabilities across the Aerospace, Defense & Government and Industrial teams through strategic sourcing, evaluation of investment opportunities, and engagement with management teams and industry stakeholders across the defense ecosystem.

“Carlyle’s roots in Washington, D.C. and our decades of experience investing across the defense and industrial sectors have given us a differentiated perspective on this market,” said Ian Fujiyama, Chairman of the platform and Global Head of Aerospace, Defense & Government at Carlyle. “We see this initiative as a natural extension of our broader franchise and an opportunity to dedicate capital and expertise to the middle-market segment across the U.S. and Europe.”

“The geopolitical environment and sustained increases in defense spending are creating a multi-decade investment opportunity across defense and industrial infrastructure,” said Admiral James Stavridis, Vice Chairman of Carlyle and former Supreme Allied Commander at NATO. “Governments are prioritizing military modernization, force preparedness, and resilient industrial capacity at a scale that we believe will drive long-term demand for advanced technologies and strategic capabilities.”

“We believe the opportunity set across defense and industrial resilience is significant and growing,” said Aaron Hurwitz and Wes Bieligk jointly. “With dedicated, local investment teams across the U.S. and Europe, deep sector expertise, and Carlyle’s resources, we believe we are well positioned to build and scale businesses that are essential to the industrial base.”

General Bryan Fenton added: “The national security landscape is evolving rapidly, increasing the need for innovation, resilient supply chains, and operational readiness. Carlyle’s experience, network, and long-term commitment to these sectors position us to support businesses developing mission-critical capabilities.”

Carlyle has invested across the Aerospace, Defense, Government and Industrial sectors for more than 35 years, including investments such as Booz Allen Hamilton, StandardAero, Two Six Technologies, Loc Performance, Allison Transmission, and Axalta. The firm leverages its extensive operating executive network, government affairs expertise, and broader value creation capabilities to support portfolio company growth and operational transformation.

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $475 billion of assets under management as of March 31, 2026, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,500 people in 28 offices across four continents. Further information is available at www.carlyle.com. Follow Carlyle on X @OneCarlyle and LinkedIn at The Carlyle Group.

 

Media Contacts

U.S. 

Brittany Bensaull

+1 (212) 813-4839

brittany.bensaull@carlyle.com

Europe

Andrew Kenny

+44 7385 662334

andrew.kenny@carlyle.com

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KKR Sells CIRCOR Aerospace to Parker Hannifin for $2.55 Billion

KKR

NEW YORK & BURLINGTON, Mass.–(BUSINESS WIRE)– KKR and CIRCOR International (“CIRCOR” or the “Company”), a global manufacturer of flow control products for industrial, naval, and aerospace markets, today announced the signing of a definitive agreement to sell CIRCOR Aerospace, the Company’s aerospace division, to Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, for $2.55 billion. Funds managed by KKR first acquired CIRCOR for $1.8 billion in 2023 and will maintain ownership of CIRCOR’s Naval and Industrial businesses.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520542910/en/

With more than 75 years of heritage in fluid control, pneumatic, electromechanical, and actuation components and subsystems, CIRCOR Aerospace has established a leading position across commercial aerospace and defense end markets through its highly engineered, mission-critical products, long-standing customer relationships, and continued investment in innovation and manufacturing capabilities. This combination of Parker Hannifin and CIRCOR Aerospace brings together complementary capabilities, product portfolios, and platform exposures to create a stronger, more diversified aerospace and defense supplier with enhanced scale.

KKR acquired CIRCOR through its North America Fund XIII. The transaction reflects KKR’s long-standing conviction in themes that are increasingly important in today’s geopolitical environment, including defense modernization and supply chain resilience. CIRCOR’s Naval business, amongst other KKR private equity investments, will continue to provide KKR with exposure to these strategically important end markets.

“Today’s announcement marks an exciting chapter for CIRCOR and reflects the tremendous work and dedication of the entire CIRCOR Aerospace team,” said Saif Siddiqui, Chief Executive Officer of CIRCOR. “With KKR’s support, the business strengthened its culture of ownership and execution, accelerating performance, and further establishing CIRCOR Aerospace as a world-class solution provider for our customers. We are pleased with the strong foundation the team has established and look forward to watching the business continue to grow as part of Parker Hannifin. In our next phase, we at CIRCOR remain dedicated to strengthening the Company’s Industrial and Naval businesses through both organic growth and strategic acquisitions.”

“CIRCOR Aerospace has created a highly differentiated business with proprietary solutions and deep customer relationships across critical aerospace and defense programs, and we are grateful for everything they have achieved under our ownership,” said Josh Weisenbeck, Partner at KKR that leads KKR’s Industrials industry team within KKR’s North American Private Equity platform. “This latest transaction underscores continued momentum across our industrials portfolio, marking our fourth realization in the sector this year.”

In early 2024, CIRCOR launched its broad-based employee ownership program, making all CIRCOR employees owners of the Company. At transaction close, all CIRCOR employees will receive a dividend distribution funded by a portion of the sale proceeds and in recognition of the continued strong performance of CIRCOR’s Industrial and Naval businesses. KKR sees meaningful opportunity to further scale both businesses going forward.

KKR and CIRCOR were advised by Goldman Sachs & Co. LLC and Evercore as financial advisors, and Kirkland & Ellis LLP as legal advisor on the transaction.

The transaction is expected to close in the second half of 2026, subject to customary closing conditions and regulatory approvals.

About CIRCOR International, Inc.

Founded in 1999, CIRCOR International, Inc. designs, manufactures and markets differentiated flow control products and sub-systems for Aerospace & Defense and Industrial customers. The Company has a diversified product portfolio of recognized, market-leading brands (Allweiler®, Houttuin™, Imo®, Hale Hamilton, Aerodyne Controls, Circle Seal Controls, CIRCOR Aerospace, RTK®, CIRCOR Industria, CIRCOR Bodet, Schroedahl®, Tushaco®, Warren® and Zenith®) that fulfill its customers’ mission critical needs.

CIRCOR markets its solutions directly and through various sales partners to more than 14,000 customers in approximately 100 countries. The Company has a global presence with approximately 3,500 employees and is headquartered in Burlington, Massachusetts. For more information, visit the Company’s website at http://circor.com.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media
KKR
Sarah Moon
media@kkr.com

CIRCOR
Jennifer Edwards
Jennifer.edwards@circor.com

Source: KKR

 

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Meloche Group Acquires Groupe Rossi Aéro with Support from Novacap and Other Partners

Novacap

A transaction that strengthens the group’s role at the heart of the aerospace supply chain in Québec and internationally, and paves the way for expansion into new markets.

Meloche Group announces the acquisition of Groupe Rossi Aéro, a subsidiary of Mecachrome and a recognized player in the aerospace industry serving both civil and military sectors in France. This transaction marks an important step in Meloche Group’s growth strategy aimed at a global-scale aerospace platform.

Already firmly established within the North American aerospace ecosystem, Meloche Group is, through this acquisition, strengthening its presence in Europe and its ability to serve major industry customers globally. The group is thus reaching critical scale, with revenues exceeding CAD $250 million, more than 900 employees, and an industrial footprint spanning eight sites, including six in Québec and two in the Toulouse region.

“This transaction marks an important milestone in Meloche Group’s evolution,” said Hugue Meloche, President and Chief Executive Officer of Meloche Group. “With the integration of Groupe Rossi Aéro, we are strengthening our ability to support our clients internationally while consolidating our presence in Québec. Our ambition is clear: to continue building a high-performing group capable of expanding into new markets and increasing its presence within the global aerospace industry.”

“With this partnership, we are contributing to the creation of an internationally scaled aerospace platform,” said Michel Toutant, Senior Partner, Industries, Novacap. “Meloche Group aligns perfectly with our value creation strategy. Its recognized leadership within the aerospace ecosystem positions it well to continue its growth and pursue strategic opportunities. Novacap is proud to support Québec and Canadian entrepreneurs in executing their growth strategies and expanding their operations.”

A Transatlantic Platform Serving the Industry

The integration of Groupe Rossi Aéro enables Meloche Group to expand its industrial footprint in Europe and offer an integrated solution for the manufacturing of metal components, from machining to assembly. The group now benefits from facilities located near major aerospace hubs in Montréal and Toulouse.

This positioning simplifies program management for clients, reduces supply risks, and optimizes production timelines, while strengthening the group’s ability to integrate into critical supply chains, both in aerospace and defense.

On the European side, Groupe Rossi Aéro is joining a partner that shares a strong commitment to growth and long-term investment, and that intends to build on the momentum already established by continuing to expand the group’s activities and industrial sites near its customers in France.

A Transaction Aligned with a Sustainable Growth Strategy

This acquisition is part of a development trajectory supported by Novacap as majority shareholder, as well as by the Government of Québec, Investissement Québec (IQ), and Export Development Canada (EDC). Together, these partners support Meloche Group in strengthening its operational capabilities and expanding its international presence, particularly in Europe.

This partnership with Meloche Group is based on a shared vision: to build a high-performing industrial platform capable of meeting the requirements of major global customers and expanding into new markets, including defense.

“EDC is proud to support Meloche Group in this acquisition of Groupe Rossi,” said Alison Nankivell, President and Chief Executive Officer of EDC. “This transaction reflects the ambition of Canadian companies to grow in Europe and export their expertise, while helping secure and diversify supply chains in an evolving global environment. Through its support, EDC helps companies enhance their competitiveness, invest beyond our borders, and meet the needs of strategically important sectors for Canada.”

A Driver of Québec’s Competitiveness and Global Reach

By strengthening its presence in Europe, Meloche Group contributes to showcasing Québec’s expertise on the international stage and to better integrating supply chains between North America and Europe. This transaction aligns with efforts to support the development of an innovative and competitive industrial base in Québec, while stimulating the local economy.

“This acquisition strengthens the strategic role of the aerospace industry within Québec’s economy, and is therefore excellent news,” said Bernard Drainville, Minister of Economy, Innovation and Energy and Minister Responsible for Maritime Strategy. “By expanding its presence in Europe, Meloche Group is simultaneously reinforcing its roots here in Québec. Our government is proud to support ambitious companies that showcase our aerospace expertise and strengthen Québec’s position in key sectors of the global economy.”

“Meloche Group is one of the most significant SMEs in Québec’s aerospace sector,” said Bicha Ngo, President and Chief Executive Officer of IQ. “Our presence alongside the company at this pivotal stage of its development is fully aligned with our role in supporting the growth of high-potential businesses both locally and internationally, while helping maintain their Québec roots and strengthen key sectors of our economy.”

About Meloche Group

Founded in 1974, Meloche Group is a family-owned company committed to delivering high-quality products to the aerospace industry in Canada and internationally. The company provides integrated manufacturing solutions for aerospace components and assemblies, including design, engineering, manufacturing, finishing, and logistics. Meloche Group operates four manufacturing sites in Québec, located in Salaberry-de-Valleyfield, Bromont, Hemmingford, and Montréal, with its headquarters in Beauharnois and its innovation centre in Brossard. With a diversified client portfolio, the company employs more than 600 people. For more information: www.melocheinc.com

About Groupe Rossi Aéro

Founded in 1976 by Jacques Rossi, Groupe Rossi Aéro is a recognized player in aerospace subcontracting. Acquired starting in 2009 by Mathieu Rossi and his spouse Céline Rossi Carrasco, the company developed alongside its teams as a specialist in rapid manufacturing of parts and sub-assemblies for the aerospace industry. The group brings together integrated expertise in precision machining, sheet metal work, surface treatment, and assembly. Groupe Mecachrome acquired Groupe Rossi Aéro in 2022, in a context of significant industrial challenges, providing the support needed to stabilize, secure, and grow its operations. With three sites in the Toulouse region, the group employs nearly 300 people. Customer satisfaction, on-time delivery, and quality are at the core of its DNA.

About Novacap

Novacap is a leading investor and one of Canada’s most experienced private equity firms in Canada. Founded in 1981 to partner with visionary entrepreneurs, Novacap focuses on middle market and lower-middle market companies in four core sectors: Technologies, Digital Infrastructure, Industries, and Financial Services. Novacap combines deep sector specific expertise and strategic and operational excellence to partner with entrepreneurs and management teams. Since its inception, the firm has made primary and add-on investments in more than 250 companies. With over CDN $16 billion in assets under management, Novacap accelerates value creation through strategic growth initiatives and a strong focus on execution. For more information: www.novacapcorp.com

About Investissement Québec

Investissement Québec’s mission is to play an active role in Québec’s economic development. The Corporation’s services are designed to spur productivity, innovation, market development and the competitiveness of Québec businesses. To that end, Investissement Québec supports them at every stage of their growth with financing and assistance in the areas of business consulting, technological transformation and workforce strategies. In addition, through Investissement Québec International, the Corporation also provides concrete support for businesses’ export activities and conducts prospecting activities to attract foreign investment to Québec.

About Export Development Canada

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians. To learn more about EDC or how we can support your business, call 1-800-229-0575 or visit www.edc.ca

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Transaction between EQT and Eutelsat to carve out satellite ground infrastructure into SatPort Infrastructure will not proceed

eqt

The EQT Infrastructure VI fund (“EQT Infrastructure”) confirms that the contemplated transaction announced on 9 August 2024 will not proceed. EQT Infrastructure had agreed to acquire a majority stake in Eutelsat Group’s Ground Station Infrastructure Business through a newly created portfolio company, SatPort Infrastructure. As part of the transaction, Eutelsat had agreed to reinvest to own 20% of SatPort Infrastructure.

The transaction will not proceed due to conditions precedent to closing not being satisfied. EQT Infrastructure remains fully committed to the growth of its portfolio company SatPort Infrastructure and will continue to invest in and develop the platform as a standalone business. SatPort Infrastructure will continue to pursue its strategy of building a resilient, secure and scalable satellite ground infrastructure platform, serving a broad range of satellite operators, governments and enterprise customers.

Without the closing of this transaction, EQT Infrastructure VI is expected to be 60-65 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

Contact

EQT Press Office

press@eqtpartners.com

About EQT

EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of more than three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has €‌​​270​‌ billion in total assets under management (€141​‌ billion in fee-generating assets under management) as of 31 December 2025, within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

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Carlyle provides financing package to Mecachrome Group, a leading global supplier to the aerospace and defense industry

Carlyle

Paris, France – 08 December 2025 – Global investment firm Carlyle (NASDAQ: CG) today announced that its Global Credit platform has provided a financing package of €290 million to support Mecachrome Group, a leading European designer and manufacturer of high-precision components serving the Aerospace and Defense sectors.

Founded in 1937, Mecachrome Group is a leading global tier-1 supplier of high-precision aerostructure and engine components, supporting mission-critical programs across commercial aerospace, defense and motor sports. The company combines deep engineering expertise with fully integrated machining and assembly capabilities, operating a diversified network of more than 20 manufacturing sites across Europe, North America and North Africa. With long-standing, deeply embedded relationships with major aircraft and engine manufacturers, the company plays a critical role in helping the industry to scale production and meet accelerating global demand for new aircraft fueled by record backlogs. Tikehau Capital has been Mecachrome’s Group’s majority shareholder since 2020, having partnered with Bpifrance to drive growth. Since launching its aerospace, defense, and digital security investment platform in 2018, Tikehau Capital has formed partnerships with Airbus, Safran, Dassault Aviation, and Thales, which have invested in its sector-focused strategies.

This financing package will strengthen the company’s financial foundation by refinancing its existing indebtedness and providing additional capital to support Mecachrome Group through organic growth initiatives, including expanding its manufacturing capabilities, and strategic acquisitions. 

Mecachrome Group’s precision components are embedded across major commercial and defense programs in Europe. As aircraft production rises and defense spending grows, reliable suppliers capable of scaling have become essential. This financing highlights the role private credit plays in strengthening aerospace and defense supply chains and supporting companies like Mecachrome Group as demand accelerates. 

The transaction further highlights Carlyle Global Credit’s growing activity in the French market, building on recent financings, including Argon, Fitness Park and ADDEV. 

Otto Alaoui, Managing Director in Carlyle Global Credit, said: “As aircraft production and defense investment accelerate globally, the industry relies on trusted partners like Mecachrome to expand capacity and maintain delivery performance. This transaction supports that growth, strengthening Mecachrome Group’s ability to meet higher volumes, invest in its operations, and continue its role as a key contributor to Europe’s aerospace and defense ecosystem.”

Christian Cornille, President and CEO of Mecachrome Group, said: “We are delighted to partner with Carlyle. This transaction enables us to advance the next stage of Mecachrome’s industrial transformation and will be critical as we look to scale capacity, drive operational excellence, and meet the growing needs of our customers across major aerospace and defense programs.”

—

 

 

About Carlyle

Carlyle (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across its business and operates through three segments: Global Private Equity, Global Credit, and Carlyle AlpInvest. With $474 billion of assets under management as of September 30, 2025, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest. Carlyle employs more than 2,400 people in 27 offices across four continents. Further information is available at carlyle.com. Follow Carlyle on LinkedIn at The Carlyle Group and on X at @OneCarlyle.

 

 

About Mecachrome Group

Mecachrome Group is a High Precision Mechanics world leader. For more than 80 years, Mecachrome has been a key player in the design, engineering, machining and assembly of high-precision parts and assemblies for the Aerospace, Premium automotive, Motor sport, Defence and Energy industries. Thanks to its industrial expertise and cutting-edge technology, Mecachrome has earned an international reputation as a first-rate integrator for its customers, which include Airbus, Boeing, Bombardier, Dassault, Safran, Stelia, Porsche, Rolls Royce. Mecachrome employs 5 000 people worldwide.

 

 

Media Contacts 

Carlyle:

Charlie Bristow

Tel: +44 (0) 7384 513568

Email: charlie.bristow@carlyle.com

 

Mecachrome Group:

Anne-annabelle Begey

Tel : +33 646505224

Email: anne-annabelle.begey@mecachrome.com

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Arcline Investment Management to Acquire Novaria Group from KKR for $2.2 Billion

KKR
  • Transaction Positions Leader in Aerospace Engineered Components and Specialty Processes for its Next Chapter of Growth at Scale
  • Provides Cash Payouts to All Employees Through Ownership Program

FORT WORTH, Texas & NEW YORK–(BUSINESS WIRE)– Leading investment firms KKR and Arcline Investment Management (“Arcline”) today announced that Arcline has entered into a definitive agreement to acquire Novaria Group (“Novaria” or the “Company”), a leading provider of engineered aerospace components and specialty processes, in a transaction valued at $2.2 billion.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251109412781/en/

“We are proud of how we built Novaria in partnership with the management team into a resilient aerospace and defense supplier that benefits its employees and customers,” said Josh Weisenbeck, Partner at KKR. “This milestone was enabled by an ownership mindset, operational excellence, and putting our people first, and we are pleased to see all employees share in the value they helped create.”

Following KKR’s initial investment in 2020, Novaria has more than tripled in size, completing 13 strategic add-on acquisitions that broadened its product portfolio and enhanced its manufacturing footprint. The Company today serves 3,000+ customers globally and employs over 1,600 colleagues across the U.S.

“This transaction represents the success of our long-standing partnership with KKR and the dedication of the Novaria team,” said Bryan Perkins, CEO of Novaria Group. “Novaria’s focus on customer partnership within the aerospace industry has driven remarkable results, and this outcome is a reflection of the collective effort and commitment of our colleagues.”

KKR’s track record with Novaria and focus on employee engagement have delivered measurable results across the organization:

  • Safety: Improvements in safety have reduced the total recordable incident rate by over 60% since 2021
  • Talent Retention: Delivered an almost 20% reduction in voluntary turnover since 2021
  • Ownership Culture: Achieved top quartile for manufacturing companies on the Ownership Works index

As a result of Novaria’s employee ownership program, all of the Company’s over 1,600 employees will receive cash payouts upon closing the transaction.

KKR and Novaria were advised by Morgan Stanley & Co. LLC as financial advisor and Kirkland & Ellis as legal advisor on the transaction.

The transaction is subject to customary closing conditions and regulatory approvals.

About Novaria Group
Founded in 2011 and headquartered in Fort Worth, TX, Novaria Group is a leading provider of niche engineered components and specialty processes that serve the aerospace and defense industries. With a mission to improve the aerospace supply chain, Novaria is dedicated to delivering exceptional customer service and quality to its customers. Novaria’s range of products and capabilities position it as a trusted partner to over 3,000 customers.

About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media Contact
Novaria Group
Dragana Repaja
drepaja@novariagroup.com

KKR
Kenny Juarez / Sarah Moon
media@kkr.com

Source: KKR

 

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Ardian acquires stake in JPB Système, a leading provider of innovative solutions for the aerospace sector and Industry 4.0.

Ardian

With this primary transaction, Ardian’s Growth team is partnering with Damien Marc and the key managers of JPB Système to accelerate the group’s international growth and support its innovation strategy.

JPB Système, a leading French industrial player specializing in the design of self-locking fastening solutions for aircraft engines, welcomes Ardian, a world-leading private investment firm, as a minority shareholder.

Founded in 1995 and led by Damien Marc, who succeeded his father in 2005, JPB Système has established itself as a strategic partner to major global engine manufacturers (including Pratt & Whitney, Safran, GE and Rolls-Royce), thanks to its portfolio of patented products, recognized industrial excellence, and strong capacity for innovation. The group, headquartered in Seine et Marne, generates over 90% of its revenue internationally and employs nearly 200 people.

This transaction marks a major new milestone in the group’s growth, aiming to accelerate its international expansion, strengthen its innovation capabilities, and support its role as a key player in the industry of the future.

The partnership is designed to consolidate JPB Système’s leadership in its core markets and support the company’s entry into new segments through a sustained innovation policy and close customer relationships based on a deep understanding of their needs.

Ardian will leverage the strength of its international network and its expertise in supporting high-growth companies to help drive the group’s technological and organizational development.

Ardian also intends to support the commercial and technological development of JPB Système’s innovations, notably Keyprod, a hardware and software solution for real-time machine performance monitoring, and Boltrakk, a fastening monitoring system aimed at new aerospace and industrial markets. These solutions fully embody the group’s innovative DNA and will open up new avenues for growth.

“Ardian’s minority investment in our capital marks a major milestone in the history of JPB Système. This partnership will accelerate our international development and strengthen our innovation capabilities in the fields of aerospace and Industry 4.0. We are honored to join forces with Ardian, a world-class investment firm, as we pursue our ambition to reinforce French industrial excellence and push the boundaries of innovation on a global scale.” Damien Marc, CEO, JBP Système

“JPB Système embodies French industrial excellence and innovation in service of the global aerospace industry. We have been impressed by Damien Marc’s vision and the quality of the JPB Système team. We are proud to support JPB Système in achieving its ambitions by leveraging all of Ardian’s human, sector-specific, and international resources.” Alexis Saada, Head of Growth & Senior Managing Director, Ardian

“We are convinced that innovation and growth are essential drivers of sustainable value creation. This investment in JPB Système perfectly illustrates our commitment to supporting companies that place technology, excellence, and agility at the heart of their development.” Romain Chiudini, Managing Director Growth, Ardian

List of participants

  • ARDIAN

    • Ardian (Growth): Alexis Saada, Romain Chiudini, Florian Dupont, Solène Hamouda
    • Legal: McDermott Will & Schulte (Diana Hund, Herschel Guez, Auriane Tournay, Benoît Maïto, Côme de Saint-Vincent, Louisiana Lungu, Naré Arshakyan, Charles de Raignac, Emie Paganon, Mai Matsubara, Sabine Nauges, Yves-Emmanuel Le Roux)
    • Financial: Eight Advisory (Christophe Delas, William Jarraud, Paul Mathonnat)
    • Strategic: Strategy& (Xavier Monin, Thierry Calatayut, Léo Lengelé)

  • JPB SYSTEME

    • Management : Damien Marc, Emmanuel Bordry
    • M&A and Financing : Alantra (Olivier Guignon, Florian Touchard, Noémie Curmi, Julien Bordier-Lorenzi, Simon Berta, Jules Dormoy)
    • Legal : Hogan Lovells (Matthieu Grollemund, Pierre-Marie Boya, Eliott Fourcade, Paul de Boishebert, Cassandre Porges, Lucas Glicenstein, Alexis Caminel, Elise Criez)
    • Financial : Eight Advisory (Stéphane Vanbergue, Mehdi Laghmiri, Arnaud Lassiaz, Pierre Rochard)

ABOUT JPB SYSTÈME

JPB Système designs, develops, and manufactures patented self-locking fastening solutions and connected monitoring technologies dedicated to the aerospace sector and Industry 4.0. Its innovations secure critical assemblies, reduce maintenance costs and downtime, and contribute to the sustainable performance of aircraft engines.
Based in Villaroche, near Paris, and employing nearly 200 people, the company generates over 90% of its revenue from exports, and works with the world’s leading engine manufacturers, including Safran, Pratt & Whitney, GE, Rolls-Royce, and ITP Aero. Recognized as an “Industry of the Future Showcase,” JPB Système is a member of GIFAS, French Fab, and Bpifrance Excellence.
A pioneer in integrating digital technologies at the heart of industrial production, JPB Système also develops Keyprod, a hardware and software solution for real-time machine performance monitoring, and Boltrakk, an innovative system for monitoring the tightening of fasteners. These innovations reflect the group’s commitment to paving the way for a smarter, more connected, and more efficient industry.

JPB Système

About Ardian

Ardian is one of the world’s leading private investment houses, with $192 billion in assets managed or advised on behalf of more than 1,860 clients worldwide. Leveraging our expertise in Private Equity, Real Assets, and Credit, we offer our clients a broad range of investment opportunities and have the agility to meet their needs, which is one of our defining characteristics. Ardian Customized Solutions builds tailor-made investment portfolios, develops specific investment strategies adapted to each client’s needs, and provides access to funds managed by leading partners. Private Wealth Solutions offers dedicated services and access solutions for private banks, wealth managers, and institutional private investors around the world.
With Ardian employees representing a majority of the shareholding, Ardian places particular importance on talent development and values a collaborative culture based on collective intelligence. Spread across 20 offices in Europe, the Americas, Asia, and the Middle East, our 1,050+ employees are fully committed to generating superior returns through responsible investment strategies and in compliance with the highest ethical and social responsibility standards. At Ardian, we are fully dedicated to building sustainable businesses.

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INCUS MEDIA

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Coherent announces agreement to sell aerospace and defense business to Advent for $400 million

Advent

Saxonburg, Pa., August 13, 2025 (GLOBE NEWSWIRE) – Coherent Corp. (NYSE: COHR) (“Coherent,” “We,” or the “Company”), a global leader in photonics, today announced that it has entered into a definitive agreement to sell its Aerospace and Defense business to Advent, a leading global private equity investor, for $400 million. Proceeds will be used to reduce debt, which will be immediately accretive to Coherent’s EPS.

Coherent’s Aerospace and Defense designs and manufactures optical and laser systems for defense applications. The business includes approximately 550 employees and 10 geographic sites.

“We are pleased to have reached this agreement with Advent. As part of our strategic portfolio optimization process, this transaction furthers our strategy to concentrate efforts on core growth markets and products,” said Jim Anderson, CEO of Coherent.

“Coherent’s Aerospace and Defense business is an exceptional business with a distinguished heritage in pioneering optical and laser technology for the world’s most demanding applications,” said Shonnel Malani, Managing Partner at Advent. “This acquisition is complementary to our existing investments in the sector and underscores our commitment to investing in mission-critical national security technologies. We are excited to partner with the talented management team, and we plan to invest significantly in R&D to further solidify the business’s leadership in advanced laser and optical solutions.”

We see tremendous potential in this business as a standalone entity,” added Rory McMahon, Vice President at Advent. “Our goal is to build upon its impressive legacy and culture of innovation by providing the resources needed to accelerate production capacity, pursue next-generation opportunities and meet the evolving strategic needs of its customers.”

Advent has a strong track record of investing in the national security sector, including past and current investments in Cobham (2020), Ultra Electronics (2022) and Maxar Technologies (2023). The firm will leverage its global network, operating expertise, and long-term investment horizon to support the company’s strategic initiatives.

Closing Conditions

The transaction is expected to close in the third quarter of calendar year 2025, subject to customary closing conditions. Following close, the Aerospace and Defense business will operate under a new name, which will be announced at a later date. Until that time, the Aerospace and Defense business will continue to operate under the Coherent brand.

About Coherent

Coherent is the global photonics leader. We harness photons to drive innovation. Industry leaders in the datacenter & communications and industrial markets rely on Coherent’s world-leading technology to fuel their own innovation and growth.

Founded in 1971 and operating in more than 20 countries, Coherent brings the industry’s broadest, deepest technology stack; unmatched supply chain resilience; and global scale to help its customers solve their toughest technology challenges. Visit our website at coherent.com.

About Advent

Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $94 billion in assets under management* and have made over 430 investments across 44 countries.

Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.

As one of the largest privately-owned partnerships, our 660+ colleagues leverage the full ecosystem of Advent’s global resources who bring hands-on operational expertise to help enhance and accelerate businesses. This includes our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.

Advent has a strong track record of investing in the national security sector, including past and current investments in Cobham (2020), Ultra Electronics (2022) and Maxar Technologies (2023). The firm will leverage its global network, operating expertise, and long-term investment horizon to support the company’s strategic initiatives.

To learn more, visit our website or connect with us on LinkedIn.

*Assets under management (AUM) as of March 31, 2025. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.

Forward-Looking Statements

This press release contains statements, estimates, and projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. The words “expect,” “anticipate,” “estimate” and similar words and expressions are intended to identify such forward-looking statements. In addition, any statements that refer to expectations or other characterizations of future events or circumstances, including statements about the timing of closing of the sale of our Aerospace and Defense business, the use of proceeds therefrom, the impact of the sale on our financial results, and our expectations with respect to optimizing our strategic portfolio and focusing on core growth markets, are forward-looking statements, which are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. The forward-looking statements contained herein are not guarantees of future performance and are subject to certain risks and uncertainties that could cause the Company’s actual results to differ materially from its historical experience and our present expectations or projections.

The Company believes that all forward-looking statements made by it herein have a reasonable basis, but there can be no assurance that management’s expectations, beliefs, or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and global economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements herein include but are not limited to: (i) the failure of any one or more of the assumptions stated herein to prove to be correct; (ii) the terms of the Company’s indebtedness and ability to service such debt, (iii) risks relating to future integration and/or restructuring actions; (iv) fluctuations in purchasing patterns of customers and end users; (v) the ability of the Company to retain and hire key employees; (vi) changes in demand in the Company’s end markets along with the Company’s ability to respond to such market changes; (vii) the timely release of new products and acceptance of such new products by the market; (viii) the introduction of new products by competitors and other competitive responses; (ix) the Company’s ability to assimilate other recently acquired businesses, and realize synergies, cost savings, and opportunities for growth in connection therewith, together with the risks, costs, and uncertainties associated with such acquisitions; (x) the risks to realizing the benefits of investments in research and development and commercialization of innovations; (xi) the risks that the Company’s stock price will not trade in line with industrial technology leaders; (xii) the impact of trade protection measures, such as import tariffs by the United States or retaliatory actions taken by other countries; and/or (xiii) the risks relating to forward-looking statements and other “Risk Factors” identified from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and our subsequently filed Quarterly Reports on Form 10-Q, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to update information contained in these forward-looking statements, whether as a result of new information, future events or developments, or otherwise.

Media Contacts

For Coherent:
Amy Wilson
Manager, Corporate Communications
corporate.communications@coherent.com

For Advent:
Peter Folland
Vice President, Communications, Advent
pfolland@adventinternational.co.uk

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York Space Systems Parent Company to Acquire ATLAS Space Operations to Expand Mission Delivery and Space-to-Ground Capabilities

Ae Industrial Partners

Acquisition will strengthen York’s position as a fully integrated space solutions provider for national security and commercial missions

DENVER, July 18, 2025 /PRNewswire/ — York Space Systems (York), a defense technology company transforming how the United States builds and operates space-based capabilities, today announced that its parent company has agreed to acquire ATLAS Space Operations (ATLAS), a pioneer in Ground Software as a Service (GSaaS) for satellite communications. The move brings York a powerful, software-led ground architecture that simplifies operations, removes integration barriers, and enhances space-to-ground resilience—accelerating York’s ability to deliver secure, mission-ready space systems at unmatched speed and value.

ATLAS will play a key role in York’s Golden Dome architecture, a next-generation defense solution that unifies spacecraft, software, and ground operations to deliver full-spectrum capabilities across contested environments. ATLAS will continue to operate independently under its existing brand, serving its diverse portfolio of customers across the space industry.

Founded in 2015, ATLAS delivers secure, cloud-native connectivity through its Freedom® software platform, which provides a single API access point to a global network of more than 50 antennas in 20+ countries and is the only GSaaS provider based in the United States. By shifting the complexity of satellite communications from hardware to software, ATLAS has built a federated network-of-networks that enables real-time tasking, automated scheduling, and seamless cloud delivery of mission data. The result is a flexible, scalable solution that reduces cost, risk, and time to orbit for a growing roster of government and commercial customers.

“ATLAS has built one of the most sophisticated and secure ground communications platforms in the industry,” said Dirk Wallinger, CEO of York. “This acquisition will enhance York’s ability to deliver mission-ready systems on the timelines our customers demand while continuing to support the broader space ecosystem with best-in-class ground solutions.”

The Freedom® platform simplifies ground operations through a single API that abstracts away the complexities of legacy ground station networks. Whether operating a single satellite or a proliferated constellation, customers can onboard faster, stream data directly to the cloud, and flexibly access global infrastructure without building it themselves.

“York shares our vision for a future where space systems are faster, smarter, and seamlessly integrated,” said Corey Geer, CEO of ATLAS. “Together, we are building the infrastructure to meet that future head-on, reducing risk, increasing resilience, and enabling critical data delivery on demand.”

This acquisition will strengthen York’s ability to deliver integrated, mission-ready systems by pairing its high-performance spacecraft and software-defined operations with ATLAS’s proven ground communications platform. Thereby enhancing end-to-end mission delivery, and accelerating deployment timelines, improving data flow from space to ground, and enabling more resilient, autonomous operations across both commercial and national security missions.

The acquisition of ATLAS is pending FCC approval and other customary closing conditions.

About York Space Systems

York Space Systems is a defense technology company transforming how the United States builds and operates space-based capabilities. As the leading provider of proliferated warfighter space solutions, York delivers fully integrated, mission-ready systems, combining high-performance spacecraft, software-defined operations, and ground-based autonomy, at unmatched speed and value.

With a foundation in high-rate manufacturing and systems-level integration, York is driving the convergence of hardware, software, and mission autonomy to redefine how the U.S. executes national defense from space. By enabling real-time intelligence and resilient, scalable infrastructure, York empowers a smarter, faster, and more adaptive defense posture. Learn more at http://www.YorkSpaceSystems.com

About ATLAS Space Operations, Inc.

ATLAS Space Operations is the leading provider of Ground Software as a Service™ in the space communications industry. Recognized repeatedly for technological innovation and industry leadership, ATLAS’s Freedom® software platform provides cloud-native connectivity, global antenna access, real-time tasking, and streamlined data handling. Learn more at atlasspace.com

SOURCE York Space Systems

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Stonepeak Completes Acquisition of Forgital

Stonepeak

John Slattery, former GE Aerospace executive, appointed Chairman of the Forgital Board of Directors

NEW YORK & VELO D’ASTICO – June 30, 2025 – Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced the completion of its previously announced acquisition of Forgital Group (“Forgital” or the “Company”), a leading manufacturer of advanced forged and machine-finished components for aerospace and industrial end markets.

Conor Sutherland, Managing Director at Stonepeak, said, “We are thrilled to reach this milestone. Forgital has established itself as a trusted partner to leading aerospace manufacturers and industrial customers through its commitment to quality, innovation and reliability. We see tremendous opportunity ahead for the Company, magnified by durable demand in the aerospace end market. We are excited to partner with the Forgital team to support this next phase of growth.”

“With Stonepeak’s support, we are well positioned to accelerate our strategic agenda,” said Meddah Hadjar, CEO of Forgital Group. “They share our vision and bring deep expertise in mission-critical infrastructure and industrial growth platforms, which aligns well with the demands of our aerospace sector. I am confident in our path forward as we continue to innovate and grow with our customers by delivering precision-engineered components for the most demanding applications.”

In conjunction with today’s announcement, John Slattery has been appointed as Chairman of the Forgital Board of Directors. Mr. Slattery brings deep aerospace industry expertise, most recently serving as Chief Commercial Officer of GE Aerospace and previously as President & CEO of GE Aviation, where he played a critical role in the company’s transformation to an independent, public company in 2024. Prior to his time at GE, he served as President & CEO of Commercial Aviation at Embraer.

“I am delighted to be joining Forgital’s Board at the start of this next chapter, and I look forward to working with the Company’s management team and Stonepeak. I see significant opportunity for the Company, and believe that Forgital’s proud heritage dating to its inception in 1873 provides a strong foundation for continued success,” said John Slattery, Chairman of the Forgital Board of Directors.

Mr. Sutherland added, “We welcome John to the Board. His insight and leadership will be a tremendous asset to Forgital.”

About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $73 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, with a focus on downside protection and strong risk-adjusted returns. Stonepeak, as sponsor of private equity and credit investment vehicles, provides capital, operational support, and committed partnership to grow investments in its target sectors, which include transport and logistics, digital infrastructure, energy and energy transition, and real estate. Stonepeak is headquartered in New York with offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi, and Riyadh. For more information, please visit www.stonepeak.com.

About Forgital

Forgital is a leading, vertically integrated Group focused on the manufacturing of seamless rolled rings in rectangular or profiled sections, as well as assembled fan modules, covering the largest range of sizes. Forgital specializes in forging rolled rings, with technologically advanced capabilities across a broad range of materials, including titanium, nickel and cobalt alloys, carbon steel, alloy steel, stainless steel and aluminium. Forgital’s Compact Supply Chain simplifies the production process of its customers through an integrated system of technologies and services which encompasses all the steps of the project: from the pre-processing to the post-processing phase (including finishing, welding and macroetching).

Contacts

For Stonepeak
Kate Beers / Maya Brounstein
corporatecomms@stonepeak.com
+1 (646) 540-5225

For Forgital
Mara Rezzadore
Mara.Rezzadore@forgital.com
+39 0445 731322

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