March 21, 2006
Aircraft component maker TransDigm Group Inc. announces that it has priced its $230 million initial public offering, consisting of 10,954,570 common shares at $21 per share.
On March 15, Willkie client aircraft component maker TransDigm Group Inc. announced that it has priced its $230 million initial public offering, consisting of 10,954,570 common shares at $21 per share. Cleveland-based TransDigm is a portfolio company Willkie client Warburg Pincus, the New York-based private equity firm. TransDigm, which makes highly engineered components for commercial and military airplanes, including ignition systems, pumps, electric motors, and latches and cockpit security devices, generated $374.3 million in revenue for fiscal year ended September 30, 2005. Credit Suisse First Boston and Lehman Brothers Inc. served as lead underwriters in the transaction. Willkie partners Steven Gartner and Cristopher Greer, and associates Russell Leaf and Corby Baumann advised TransDigm.
