Boeing Sells Parts of Digital Division to Thoma Bravo for $10.55 Billion
Deal News | Apr 22, 2025 | Thoma Bravo
Boeing has announced a definitive agreement to sell parts of its Digital Aviation Solutions business to Thoma Bravo, a leading software investment firm, for $10.55 billion. The transaction will include assets from Jeppesen, ForeFlight, AerData, and OzRunways, all sold in an all-cash deal expected to finalize by late 2025. The sale is strategic for Boeing to streamline its operations, strengthen its balance sheet, and focus on core aviation and defense services. Meanwhile, Thoma Bravo is poised to invest in and grow the acquired businesses, leaning on its extensive expertise in software. Approximately 3,900 employees worldwide are involved in this transition, and plans are in place to ensure a seamless handover and continued customer service. Financial advisory and legal counsel are being provided by Citi and Mayer Brown LLP for Boeing, and Kirkland & Ellis LLP for Thoma Bravo. The deal awaits regulatory approval and customary conditions. Boeing retains critical digital capabilities to service commercial and defense needs post-transaction, maintaining their investment grade credit rating focus.
Sectors
- Aerospace and Defense
- Software and Technology
- Private Equity
Geography
- United States – Boeing is headquartered in Arlington, Virginia, and Thoma Bravo has offices across various locations in the U.S., making this transaction primarily significant to the U.S. market.
- Global – Boeing's Digital Aviation Solutions have a global workforce and customer base, impacting international markets beyond just the U.S.
Industry
- Aerospace and Defense – The transaction involves Boeing, a leading aerospace and defense company, and its Digital Aviation Solutions business which serves the sector.
- Software and Technology – Thoma Bravo is focused on investing in technology and software sectors, which aligns with the digital aviation assets being acquired.
- Private Equity – Thoma Bravo, a significant private equity firm, is acquiring parts of Boeing's Digital Aviation Solutions in a transaction involving strategic investment and future growth plans.
Financials
- $10.55 billion – The valuation of the all-cash transaction for the sale of Boeing’s Digital Aviation Solutions assets to Thoma Bravo.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Boeing | Selling Company | Company | A leading global aerospace company engaged in the sale of part of its digital aviation business. |
| Thoma Bravo | Bidding Company | Company | A private equity firm acquiring Boeing's digital aviation assets, focused on investing in software and technology. |
| Citi | Financial Advisor | Company | Acting as the exclusive financial advisor to Boeing in this transaction. |
| Mayer Brown LLP | Legal Advisor to Boeing | Company | Providing legal counsel to Boeing for this deal. |
| Kirkland & Ellis LLP | Legal Advisor to Thoma Bravo | Company | Providing legal counsel to Thoma Bravo for this acquisition. |
| Kelly Ortberg | CEO of Boeing | Person | Boeing's president and CEO making statements regarding the strategic nature of the sale. |
| Chris Raymond | CEO of Boeing Global Services | Person | Providing insights about customer focus and business continuity post-transaction. |
| Holden Spaht | Managing Partner at Thoma Bravo | Person | Expressing enthusiasm about the acquisition and growth potential. |
| Scott Crabill | Managing Partner at Thoma Bravo | Person | Highlighting Thoma Bravo's commitment to innovation and long-term value creation. |