Thoma Bravo洽購波音導航部門Jeppesen,估值上看80億美元




Thoma Bravo積極洽購波音旗下導航業務Jeppesen,預計本週公布交易消息

據彭博社引述知情人士消息,專注於科技領域的私募股權公司Thoma Bravo正與波音公司(Boeing)就收購其導航單位Jeppesen進行深入談判,預料相關交易將於本週內正式宣布。

此次出售Jeppesen,是波音行政總裁Kelly Ortberg推行精簡公司架構、減輕債務負擔策略的一部分,目標是透過出售非核心資產來優化營運。

對於此事,波音及Thoma Bravo暫未回應路透社的置評請求。

據路透社上月報導,Jeppesen作為導航產品與軟件的供應商,已吸引多家私募股權公司及至少一家航太供應商的興趣,最終出價估值超過80億美元。

路透報導指出,Jeppesen的最終報價預計介乎80億至90億美元之間,遠高於波音去年啟動拍賣時設定的60億美元底價,買家強烈的競爭推高了估值。

位於科羅拉多州恩格爾伍德的Jeppesen,被視為一項具吸引力的資產,既能增強航太承包商的業務,也符合私募股權公司尋求穩定現金流的投資策略。

波音於2000年以15億美元收購Jeppesen,而該公司創辦人Elrey Borge Jeppesen於1930年代中期開始為波音旗下航空公司飛行員銷售全球首批導航圖表。

評論與觀點分析

Jeppesen作為波音旗下擁有悠久歷史的導航業務,其被拋售反映出波音在當前經濟環境下積極調整資產結構的決心。隨著航空業面臨多重挑戰,包括疫情後需求回復不穩及供應鏈瓶頸,波音選擇出售非核心業務以減輕債務,無疑是穩健財務的策略之一。

Thoma Bravo的介入,則顯示私募股權對航太科技領域的興趣持續升溫。導航系統作為航空運營不可或缺的基礎設施,具備穩定的現金流和長期成長潛力,成為私募股權追逐的熱門目標。這同時反映出傳統航太企業逐步將非核心但現金流穩定的業務剝離,專注於核心飛機製造與研發。

值得留意的是,Jeppesen的估值大幅超出波音原先預期,顯示市場對該業務的價值認同度高,亦反映出私募股權資金充裕、競爭激烈的市場氛圍。未來若Thoma Bravo成功收購,如何利用Jeppesen的技術優勢和市場地位,進一步擴展產品線或提升服務質素,將會是投資成效的關鍵。

總括而言,這筆交易不僅是波音財務調整的重要一步,也揭示了航太產業內部資產重組的趨勢,私募股權的參與將為傳統航太技術及服務帶來新的動能和創新機遇。對於香港及亞洲市場的投資者而言,這反映出全球航太產業轉型的深層次變化,值得持續關注此類資產的後續發展與市場影響。

以上文章由特價GPT API KEY所翻譯及撰寫。

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