Perusa Partners Fund 2 (Perusa) and co-investors have agreed to sell all shares in SCHROTH International and SCHROTH Management (together SCHROTH) to LOAR, a platform of companies specialising in the design and manufacture of aerospace and defense components.
SCHROTH, with its engineering and manufacturing sites in Arnsberg, Germany, and Fort Lauderdale, Florida, USA, is a global specialist in the development and manufacturing of occupant protection systems for applications in aerospace, defense, and motorsports.
SCHROTH specialises in technical occupant restraint systems, passenger lap belts for all major commercial aircraft, structural airbag systems for Airbus and Boeing platforms, and cockpit safety equipment. SCHROTH also provides restraint systems for the business jet, general aviation, helicopter, military, and racing markets.
Private equity firm Perusa acquired its stake in SCHROTH from Transdigm International, Inc in a management buyout transaction in January 2018. Since then, SCHROTH has considerably strengthened its foothold in the global commercial aviation industry, and has expanded into the Asian market.
