Boeing offloads significant portions of its business in $10.6B deal

[Yo_Mama_Been_Loggin]

Boeing announced it is selling portions of its Digital Aviation Solutions business for $10.6 billion to Thoma Bravo, a private equity firm.

Part of the sale includes Boeing’s navigation unit, Jeppesen. Jeppesen offers navigational information, operations planning tools, flight planning products, and additional software. Final bids valued Jeppesen at $8 billion, much higher than Boeing’s original wanted price of $6 billion. Strong interest from potential buyers, including TPG, Advent, and Veritas, drove the valuation higher, according to The Wall Street Journal.

Boeing acquired Jeppesen for $1.5 billion in 2000. ForeFlight, AerData, and OzRunways were also included in the sale.

The sale is a part of Boeing CEO Kelly Ortberg’s plan to reduce Boeing’s debt. Boeing claimed the sale will strengthen its capital structure and allow it to focus on core operations.

https://mynorthwest.com/local/boeing-digital-aviation-assets/4078705?lid=61k6vkl796oa

Guess they have to make money somehow since the orange dipshit's tariffs caused China to cancel a recent order.

[MontanaMama]

1. Anytime I see private equity buy part or all of

any successful business, red flags go up for me. Time will tell if this helps or hurts Boeing.

[RainCaster]

2. Boeing gets $$, they will benefit

My concern is for Jeppesen. Those pervert equity boys may have no idea what they've got.

[MontanaMama]

4. 100%. Jeppesen is the likely victim

if the equity firm saddled them with the $6B in debt. Ask Joann Fabrics what private equity did for them.

[unblock]

3. This is a fairly clear win for Boeing. It's the assets they're divesting that we need to worry about

Jeppesen and others are the entities that will be owned by a PE firm. They'll likely leverage them to the hilt and time will tell if they run them into the ground or not.

[MontanaMama]

5. For sure.

My kiddo is a private pilot and is really concerned for Jeppesen. It's a resource he uses daily.