Kirkland & Ellis is advising growth-focused private equity firms Warburg Pincus and Berkshire Partners on the acquisition of TRIUMPH Group, Inc. (NYSE: TGI), a company that designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems and components. The transaction was announced February 3, 2025. The private equity firms plan to take the company private through a newly formed entity for a total enterprise value of $3 billion. Under the terms of the agreement, TRIUMPH shareholders will receive $26.00 per share in cash. The purchase price represents a 123% premium to the company’s unaffected closing stock price prior to media reports of a possible sale. The transaction is expected to close in the second half of calendar year 2025 and is subject to customary closing conditions, including approval by TRIUMPH shareholders and receipt of required regulatory approvals. TRIUMPH’s Board of Directors unanimously approved the definitive agreement.
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