Blackstone consortium tables bid for $1.5bn UK aerospace supplier Senior
Blackstone has joined a consortium that submitted a non-binding cash offer for Senior Plc, the British aerospace components manufacturer with a market capitalisation of approximately £1.2bn.
The proposal, made on 20 February, includes Tinicum as a consortium partner. Discussions with the bidder group and other potential acquirers are ongoing.
Advent has separately confirmed it is considering a possible offer, intensifying competition for the UK-listed supplier.
Under UK takeover rules, the Blackstone-led consortium has until 31 March to annou…
Keep reading with a 7-day free trial
Subscribe to Private Equity Insights to keep reading this post and get 7 days of free access to the full post archives.