Houlihan Lokey Advises TransDigm

Houlihan Lokey is pleased to announce that TransDigm Group Incorporated (NYSE:TDG) has sold its Esterline Interface Technologies (EIT) group of businesses to an affiliate of KPS Capital Partners LP. The transaction closed on September 20, 2019.

EIT was acquired by TransDigm in March 2019 as part of the Esterline Technologies acquisition and comprises three distinct businesses, including Advanced Input Systems, Gamesman, and LRE Medical. The business is a developer and manufacturer of interface solutions that serves leading OEMs in the growing medical, commercial, industrial, diagnostics, and gaming end markets, and has more than 750 employees primarily in the United States, Germany, and China. 

TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer, and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today. Major product offerings—substantially all of which are ultimately provided to end-users in the aerospace industry—include mechanical/electromechanical actuators and controls; ignition systems and engine technology; specialized pumps and valves; power conditioning devices; specialized AC/DC electric motors and generators; NiCad batteries and chargers; engineered latching and locking devices; rods and locking devices; engineered connectors and elastomers; databus and power controls; cockpit security components and systems; specialized cockpit displays; aircraft audio systems; specialized lavatory components; seat belts and safety restraints; engineered interior surfaces and related components; advanced sensor products; switches and relay panels; advanced displays; thermal protection and insulation; lighting and control technology; military personnel parachutes; high-performance hoists; winches and lifting devices; and cargo loading, handling, and delivery systems.

Based in New York, KPS Capital Partners is a premier private equity firm focused on creating world-class, industry-leading companies and has approximately $5 billion of assets under management. KPS' portfolio companies have aggregate annual revenues of approximately $6.8 billion, operate 100 manufacturing facilities in 28 countries, and employ nearly 25,000 associates directly and through joint ventures worldwide.

Houlihan Lokey served as the exclusive financial advisor to EIT and assisted in initiating, structuring, and negotiating the transaction on its behalf. With this transaction, Houlihan Lokey has further strengthened its credentials as a premier advisor within the industrials sector.