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Senior to sell aerostructures business for up to £200m
(Sharecast News) - Engineering firm Senior on Friday said it was selling its aerostructures business to Sullivan Street Partners, a UK-based private equity investor, for a total enterprise value of up to £200m. The proceeds will be used to reduce net debt and fund a £40m share buyback programme, Senior said in a statement.
The company, which makes parts for the aerospace and defence sector, will receive £150m before costs up front and a further £50m payable in the first half of 2026 subject to performance targets.
Reporting by Frank Prenesti for Sharecast.com
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