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Warburg Pincus, Berkshire Partners agree $3bn deal for Triumph Group

Private equity firms Warburg Pincus and Berkshire Partners have agrered to acquire aircraft parts manufacturer Triumph Group in a take private deal valued at approximately $3bn, including debt, according to a reports.

The reports cite a statement by the company as confirming a purchase price of $26 per share, representing a 39% premium over Triumph’s closing price on Friday and more than double its value in early October, when Bloomberg first reported that the company was exploring a potential sale.

Triumph, which provides parts and maintenance services for both commercial and military aircraft, currently has a market capitalisation of $1.45bn, according to LSEG data. The company’s long-term debt stood at approximately $960m as of September.

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