Blackstone and Tinicum have agreed to acquire UK-listed aerospace and defence supplier Senior in a deal valuing the company at approximately £1.4bn, equivalent to $1.85bn, Reuters reports.

The consortium has offered 300 pence per share in cash, representing a 2.8% premium to Senior’s last closing price, with the board recommending the offer to shareholders.

The transaction highlights continued private equity interest in aerospace and defence assets, as firms target businesses benefiting from increased global defence spending.

Senior, headquartered in Hertfordshire, supplies components to major customers including Lockheed Martin, with approximately 16% of its revenue derived from defence.

The deal follows a competitive process involving multiple private equity bidders, with other firms previously exploring potential acquisitions.

Arcline recently withdrew from discussions, while an earlier £1.14bn offer from Advent was rejected, underscoring strong investor appetite for the asset.

The acquisition positions Blackstone and Tinicum to capitalise on long-term demand in the aerospace and defence sector, driven by geopolitical tensions and sustained government investment.

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