# Indra and Bain Capital acquire 9.5% stake in ITP Aero for €175M

Indra and Bain Capital agreed to acquire a 9.5% stake in ITP Aero, valued at 175 million euros, with Indra gaining board representation. A framework agreement for technological collaboration was also signed.

- Type: Acquisition
- Announced: 2023-08-04
- Where: Spain
- Value: $191.0M (175.0M EUR)
- Status: announced
- Products: aeronautical engines
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Bain Capital](https://endata.com/companies/1000.md) (acquirer)
- [ITP Aero](https://endata.com/companies/3897.md) (target)
- [Indra Group](https://endata.com/companies/15645.md) (acquirer)

## Sources

- [indragroup.com](https://www.indragroup.com/en/news/indra-bain-capital-reach-agreement-purchase-95-stake-itp-aero-aim-strengthening-aerospace), 2023-08-04: "Indra and the U.S. fund Bain Capital have agreed to acquire a 175-million-euro stake in ITP"

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