Tikehau Capital, the global alternative asset management group, along with Amundi Private Equity Funds, investors from Credit Agricole group —including IDIA Capital Investissement— and Arkéa Capital, announce that they have entered into exclusive discussions with Loar Group, an aerospace and defence components specialist headquartered in New York, for the sale of LMB Aerospace, a leading designer, producer and distributor of high-performance electric fans and cooling solutions for aerospace and defence applications.

Founded over 60 years ago and headquartered in France, LMB Aerospace has established itself as a global specialty leader in the design, production and distribution of high-performance and customised electric fans and cooling solutions for aerospace and defence applications. With approximately 75 employees, the company has built a strong market position in the defence sector, fostering long-term relationships with Tier 1 clients and OEMs.

Thomas Bernard, LMB Aerospace’s CEO moved to the US in 2016 to develop the North American market. Today, the company generates 30% of its revenues in the US.

Tikehau Capital invested in LMB Aerospace in 2022 through its flagship private equity aerospace and defence strategy, aiming to strengthen and expand the company’s footprint in Europe and North America while diversifying its offerings across new verticals. This transaction would make the third divestment of Tikehau Capital’s private equity strategy dedicated to aerospace and defence.

Under the existing shareholders, LMB Aerospace has accelerated its expansion, reinforcing its market position and capitalising on strong commercial momentum. Since 2021, revenues have grown annually by nearly 15% on average, driven by new contract wins, particularly in Europe and an ongoing expansion in the defence sector. The company has generated a turnover of c. €40 million leveraging its scalable and asset-light model in a rapidly growing addressable market.

Throughout the investment period, Tikehau Capital, along with Amundi and IDIA Capital Investissement, has supported LMB Aerospace’s strategic growth and development by strengthening its senior management team with key hires, encouraging organisational enhancements in support functions and operations, and preparing the company for its next growth phase through active analysis of various inorganic opportunities. In addition, LMB Aerospace has continued to successfully expand its commercial presence in North America, increasing regional revenues from €7 million in 2021 to an estimated €13 million in 2025 (>15% CAGR), with the region remaining a key focus for future growth.

As LMB Aerospace enters its next phase of development, Loar Group aims to provide a strong strategic platform to further enhance its capabilities and market reach. With deep expertise in the design, manufacture, and sale of niche aerospace and defence components across 250+ aircraft platforms, Loar Group is well-positioned to support LMB Aerospace’s continued growth and innovation in the thermal management solutions market.  Completion of the potential transaction remains subject to the satisfaction of the required regulatory clearance condition.

Henri Marcoux, Deputy CEO, and Emmanuel Laillier, Head of Private Equity, at Tikehau Capital, declared: “The sale of LMB Aerospace would mark the third divestment of our flagship private equity aerospace and defence strategy, reflecting our commitment to building resilient, high-performance businesses in the sector. Through targeted investments, strategic hires and operational enhancements, Tikehau Capital has strengthened LMB Aerospace’s market position and expanded its presence in key regions. We are confident that under its new ownership, the company will continue its strong trajectory and capitalise on future opportunities.”

Thomas Bernard, CEO of LMB Aerospace, added: “Over the past years, LMB Aerospace has strengthened its position as a key player in high-performance cooling solutions for aerospace and defence. With the support of Tikehau Capital, Amundi and IDIA Capital Investissement, we have expanded our reach in North America and further enhanced our capabilities to serve our global customers. As we enter this exciting new chapter with Loar Group, we look forward to leveraging their expertise and industry network to accelerate our growth and continue delivering innovative thermal management solutions to our partners worldwide.”

ABOUT TIKEHAU CAPITAL

Tikehau Capital is a global alternative asset management Group with €49.6 billion of assets under management (at 31 December 2024). Tikehau Capital has developed a wide range of expertise across four asset classes (credit, real assets, private equity and capital markets strategies) as well as multiasset and special opportunities strategies. Tikehau Capital is a founder-led team with a differentiated business model, a strong balance sheet, proprietary global deal flow and a track record of backing high quality companies and executives. Deeply rooted in the real economy, Tikehau Capital provides bespoke and innovative alternative financing solutions to companies it invests in and seeks to create long-term value for its investors, while generating positive impacts on society. Leveraging its strong equity base (€3.2 billion of shareholders’ equity at 31 December 2024), the Group invests its own capital alongside its investor-clients within each of its strategies. Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 747 employees (at 31 December 2024) across its 17 offices in Europe, the Middle East, Asia and North America. Tikehau Capital is listed in compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP). For more information, please visit: www.tikehaucapital.com.

PRESS CONTACTS:

Tikehau Capital: Valérie Sueur – +33 1 40 06 39 30

UK – Prosek Partners: Philip Walters – +44 (0)7773331589

USA – Prosek Partners: Trevor Gibbons – +1 646 818 9238

press@tikehaucapital.com

SHAREHOLDER AND INVESTOR CONTACTS

(Tikehau Capital): Louis Igonet – +33 1 40 06 11 11

Théodora Xu – +33 1 40 06 18 56

Julie Tomasi – +33 1 40 06 58 44

shareholders@tikehaucapital.com

ABOUT LMB AEROSPACE

Founded over 60 years ago and headquartered in France, LMB offers a wide range of Military grade, high-performance fans and cooling solutions for Aerospace, Naval and Military applications. With over 1,500 off-the-shelf qualified products, our engineering and manufacturing teams give us a competitive edge for new development. LMB specializes in flexibility and reactivity with customizing products to meet customer specifications and MIL-STD-810 / RTCA DO-160 standards. LMB certifications include ISO9100-AS9100, EASA Part 21G & 145 repair stations. 3 PRESS RELEASE  PARIS, NEW YORK 21 FEBRUARY 2025

DISCLAIMER

The strategy mentioned in this press release is reserved for professional investors and is managed by Tikehau Investment Management SAS, a portfolio management company approved by the AMF since 19/01/ 2007 under the number GP-07000006. Non-contractual document intended exclusively for journalists and media professionals. The information is provided for the sole purpose of enabling them to have an overview of the transactions, whatever the use they make of it, which is exclusively a matter of their editorial independence, for which Tikehau Capital declines all responsibility. This document does not constitute an offer to sell securities or investment advisory services. This document contains only general information and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current forecasts, prevailing market and economic conditions, estimates, projections and opinions of Tikehau Capital and/or its affiliates. Owing to various risks and uncertainties actual results may differ materially from those reflected or expected in such forward-looking statements or in any of the case studies or forecasts. Tikehau Capital accepts no liability, direct or indirect, arising from the information contained in this document. Tikehau Capital shall not be liable for any decision taken on the basis of any information contained in this document. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relate to Tikehau Capital North America.