Warburg, Berkshire Partners near $3 bln deal for Triumph, Bloomberg News reports (updated)

Triumph

03/02/2025 06:48

(Updates throughout with details from the report, background)
       Feb 3 (Reuters) - Warburg Pincus and Berkshire Partners
are in advanced talks to buy aircraft parts maker Triumph Group
 TGI.N  for about $3 billion, including debt, Bloomberg News
reported on Monday.
    The private equity firms are in talks to strike a deal at
$26 per Triumph share, a 39% premium over the stock's closing
price on Friday and more than double its value in early October
when Bloomberg reported the company was exploring a likely sale.
    A deal could be announced as soon as Monday, Bloomberg
reported, citing people familiar with the matter, and added the
discussions could fall through.
    Triumph, which also services military and commercial
aircraft, has a market capitalization of about $1.45 billion, as
per LSEG data. Its long-term debt was about $960 million at the
end of September.
    The company, Warburg Pincus and Berkshire Partners did not
immediately respond to a Reuters request for comment outside
business hours.

 (Reporting by Pretish M J in Bengaluru; Editing by Savio
D'Souza)
 ((PretishMJ@thomsonreuters.com; +91 8056974974;))