BBA Aviation to sell Ontic to CVC Fund VII for $1.365 billion

BBA Aviation plc has entered into an agreement to sell Ontic, a provider of OEM-licensed parts for legacy aerospace platforms, to CVC Fund VII for an enterprise value of $1.365 billion. Completion is expected in Q4 2019.

“We are delighted that we have reached an agreement to sell our Ontic business to CVC Fund Vll for $1,365 million, delivering compelling value for BBA shareholders.”cvc.com

• 1 source
• cvc.comProposed sale of Ontic for $1,365 million to CVC Fund Vll | CVCJul 30, 2019

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