Bain Capital Hunts for New Investors to Hang Onto Aerospace Firm

Bain Capital Private Equity aims to raise at least $1 billion in a single-asset continuation fund to extend its ownership of Spanish aerospace company ITP Aero, according to people familiar with the matter.

The Boston-based firm, along with a consortium, acquired ITP Aero from Rolls-Royce at an enterprise value of approximately €1.7 billion (about $2 billion) in 2022. The consortium included interests held by Spanish co-investors SAPA and JB Capital, Bain said at the time.