# 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.

- Type: Acquisition
- Announced: 2019-07-30
- Where: United States
- Value: $1.36B
- Status: announced
- Products: OEM-licensed parts for legacy aerospace platforms
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [BBA Aviation](https://endata.com/companies/34386.md)
- [Ontic](https://endata.com/companies/5962.md) (target)
- [CVC Fund VII](https://endata.com/companies/40959.md) (acquirer)

## Sources

- [cvc.com](https://www.cvc.com/media/news/2019/2019-07-30-proposed-sale-of-ontic-for-1-365-million-to-cvc-fund-vll/), 2019-07-30: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.