Triumph in Talks for $3 Billion Deal with Warburg and Berkshire
Deal News | Feb 03, 2025 | Zawya
Warburg Pincus and Berkshire Partners are in advanced discussions to acquire Triumph Group, an aircraft parts manufacturer, in a deal approximately valued at $3 billion, which includes debt. The acquisition price, set at $26 per Triumph share, represents a 39% premium over the company's last closing stock price, and more than twice its value from early October when the possibility of a sale was first reported by Bloomberg. Triumph has a reported market capitalization of approximately $1.45 billion and a recorded long-term debt of about $960 million at the end of September. The news of this potential acquisition comes despite the possibility that discussions could fall through. Neither Triumph nor the potential buyers, Warburg Pincus and Berkshire Partners, have provided an official comment regarding the matter.
Sectors
- Aerospace and Defense
- Private Equity
Geography
- United States – Triumph Group is an American company, and the deal involves U.S.-based private equity firms Warburg Pincus and Berkshire Partners.
Industry
- Aerospace and Defense – Triumph Group operates in the Aerospace and Defense industry, as it manufactures and services parts for military and commercial aircraft.
- Private Equity – Warburg Pincus and Berkshire Partners are both private equity firms involved in the acquisition of Triumph Group.
Financials
- $3 billion – The approximate value of the deal, including debt.
- $26 – The price per Triumph share in the proposed deal.
- 39% – The premium over Triumph's closing stock price offered by Warburg Pincus and Berkshire Partners.
- $1.45 billion – Triumph's market capitalization as reported.
- $960 million – Triumph's long-term debt at the end of September.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Triumph Group | Target | Company | An aircraft parts manufacturer and service provider for military and commercial aircraft. |
| Warburg Pincus | Bidding Companybuyer | Company | A global private equity firm involved in acquiring companies across various sectors. |
| Berkshire Partners | Bidding Companybuyer | Company | A private equity firm focused on growth investments and buyouts. |
| Bloomberg News | Other | Media | The media source reporting on the potential deal. |
| LSEG | Other | Company | London Stock Exchange Group, a provider of financial market infrastructure. |