M&As this week: TransDigm Group, Court Square Capital Partners, Stellar Capital Partners

26 May 2016 (Last Updated May 26th, 2016 18:30)

TransDigm Group has agreed to purchase ILC Holdings from Behrman Capital for $1bn.

TransDigm Group has agreed to purchase ILC Holdings from Behrman Capital for $1bn.

The acquisition, which requires regulatory approvals and is subject to customary closing conditions, is expected to be completed before December.

Headquartered in Ohio, US, TransDigm is an aerospace solutions developer for military and commercial customers.

ILC Holdings owns Data Device Corporation, which provides advanced data solutions for defence and aerospace applications.

US-based private equity firm Court Square Capital Partners has signed a definitive agreement with KBR to sell Wyle Laboratories for $570m.

"Through the acquisition of Wyle, KBR intends to expand its logistic services for US Government clients."

Subject to customary closing conditions, the deal is anticipated to be completed by September. The transaction also requires regulatory approvals.

Wyle provides engineering and technical services to the US department of Defence and NASA.

Through the acquisition of Wyle, KBR intends to expand its logistic services for US Government clients.

Stellar Capital Partners has signed a pact with Masimong Technologies (Pty) Ltd to sell 51.1% of the ordinary issued shares in its subsidiary, Tellumat (Pty) for $11.33m.

As part of the deal, 99,253 unencumbered and freely transferable Tellumat shares will be sold to Masimong Technologies.

Tellumat provides electronics and communications solutions to defence, energy and transport companies.