Buy-side advisory

AZ Capital has advised Indra on the acquisition of ITP Aero

AZ Capital has advised Indra, a leading global company in technological engineering for the aerospace, defence and mobility markets, on the acquisition of a 9.5% stake in ITP Aero from Bain Capital.

ITP Aero is one of the world’s leading aeronautical engine component manufacturers, headquartered in Zamudio (Bizkaia, Spain), with more than 4.700 employees in Spain, United Kingdom, Mexico, Malta and India.

Through this acquisition, Indra and ITP have reached a framework agreement which sets the basis for a technological and strategical collaboration in order to enhance the value of both companies, leverage their synergies and promote the joint development of systems and cooperation in future defence programs, such as the FCAS.

Sector: Industry