Bain Capital is set to complete its €1.7 billion acquisition of ITP Aero from Rolls-Royce within the next few weeks according to a report by Private Equity Insights.
The deal for the Spanish engineering business, which produces the engines for the Eurofighter Typhoon fighter jet, was originally expected to complete last Thursday, but was held up due to a delay in securing clearance from Spanish regulators.
The report quotes unnamed City sources as saying that officials in Madrid are now preparing to sign off the deal “in the next few weeks”.
