# Rolls-Royce to sell ITP Aero to Bain Capital for €1.7B

Rolls-Royce has signed a definitive agreement to sell 100% of ITP Aero to Bain Capital Private Equity for approximately €1.7 billion. The transaction is expected to close in the first half of 2022.

- Type: Acquisition
- Announced: 2021-09-27
- Where: Zamudio, Spain, Spain
- Value: $1.99B (1.70B EUR)
- Status: announced
- Products: aero engine components
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Rolls-Royce](https://endata.com/companies/984.md)
- [Rolls-Royce](https://endata.com/companies/984.md) (partner)
- [Bain Capital Private Equity](https://endata.com/companies/1255.md) (acquirer)
- [ITP Aero](https://endata.com/companies/3897.md) (target)
- [SAPA](https://endata.com/companies/4537.md) (investor)
- [JB Capital](https://endata.com/companies/57940.md) (investor)

## Sources

- [rolls-royce.com](https://www.rolls-royce.com/media/press-releases/2021/27-09-2021-rr-signs-agreement-to-sell-itp-aero.aspx), 2021-09-27: "Rolls-Royce has signed a definitive agreement to sell 100% of ITP Aero for approximately €1.7bn to Bain Capital Private Equity."
- [aviationweek.com](https://aviationweek.com/mro/rolls-royce-adjusts-focus-itp-sale), 2021-10-05: "A consortium led by Bain Capital Private Equity agreed to pay roughly $2 billion for 100% of the Spanish company."

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