Perusa Partners 2 L.P., managed by Perusa Partners and SCHROTH managers from both Germany and the U.S. completed the acquisition of SCHROTH Safety Products GmbH/SCHROTH Safety Products LLC from TransDigm Group Incorporated for $61.4 million.
January 25, 2018
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Perusa Partners 2 L.P., managed by Perusa Partners and SCHROTH managers from both Germany and the U.S. agreed to acquire SCHROTH Safety Products GmbH and SCHROTH Safety Products LLC from TransDigm Group Incorporated (NYSE:TDG) in October 2017. After the transaction, Perusa Partners 2 L.P will become majority shareholder. SEB AG acted as a financier of the acquisition. The Department of Justice has accepted the proposal, which is subject to court approval. The transaction is subject to customary closing conditions and regulatory approvals. Benedikt Hohaus and Roman Stenzel of P+P Pöllath + Partners acted as the legal advisors for the management of SCHROTH. Burc Hesse, Eli Hunt, Sebastian Pauls, Christian Jahn, Stefan Suess, Ulf Kieker, Jana Dammann De Chapto, Christan Engelhardt, Panu Siemer, Maximilian Holm, Jeremias Bura, Thomas Freund, Annika Juds, Tim Odendahl, Florian Döpking and Alexandra Thiemann from Latham & Watkins LLP acted as the legal advisors for Perusa Partners.
Michael Cziesla, Norman Wasse, Tobias Riemenschneider, Markus Hill, Wolfgang von Frentz, Christian Masch, Paul Melot de Beauregard and Daniel von Brevern of McDermott Will & Emery acted as legal advisors to TransDigm Group Incorporated. Anne Grewlich, Gabrielle Metherall, Nikolos Tsagareli, Emilie Veyran-Müller, Kerstin Hartman, Dan Easom, Martin Bünning, Carina Park, Michael Neary, Misha Daha and Samuel Hoy of Ashurst acted as advisors to SEB AG. Benedekt Hohaus and Roman Stenzel of P+P Pöllath + Partners acted as legal advisors to SCHROTH.
Perusa Partners 2 L.P., managed by Perusa Partners and SCHROTH managers from both Germany and the U.S. completed the acquisition of SCHROTH Safety Products GmbH and SCHROTH Safety Products LLC from TransDigm Group Incorporated (NYSE:TDG) for $61.4 million on January 26, 2018. Deal value is subject to working capital adjustment.
TransDigm Group Inc. specializes in the design, manufacturing and marketing of aerospace systems and components. Net sales break down by family of products as follows:
- engine components and control systems (50.3%): mechanical and electromechanical actuators and control systems, pumps and engine control systems, power regulators, ignition systems, thermal management systems, fluid management systems, batteries and power supply systems, motion sensors, data recording, analysis and processing systems, etc. The group also offers winches, lifting systems and cargo handling systems;
- cabin systems and equipment (47%): cockpit safety components and systems, locking systems and devices, connectors, audio control systems, specialized sanitary equipment, seat belts and safety devices, interior fittings (seats, display systems, on-board entertainment systems, etc.) lighting systems, parachutes, freight delivery systems, etc. ;
- other (2.7%): non-aeronautical systems and equipment.
At the end of September 2023, the group operated approximately 100 production sites worldwide.
The United States accounts for 64.8% of net sales.
Perusa Partners 2 L.P., managed by Perusa Partners and SCHROTH managers from both Germany and the U.S. completed the acquisition of SCHROTH Safety Products GmbH/SCHROTH Safety Products LLC from TransDigm Group Incorporated for $61.4 million.
TRANSDIGM GROUP INC. 
