Boeing has agreed to sell its Digital Aviation Solutions business, including navigation unit Jeppesen, to private equity firm Thoma Bravo for $10.55 billion. The deal is part of CEO Kelly Ortberg’s plan to reduce the company’s debt by offloading non-core assets.
Jeppesen, which was acquired by Boeing in 2000 for $1.5 billion, attracted interest from several private equity firms and an aerospace supplier. The final bid valued Jeppesen at over $8 billion, surpassing Boeing’s initial target of $6 billion.
Thoma Bravo won the auction, edging out rival buyout firms such as TPG, Advent, and Veritas. The deal is considered one of the largest carve-out transactions in recent years, with Ball Corp selling its aerospace assets to BAE Systems for about $5.6 billion in 2023.
About 3,900 employees work at Jeppesen, which will remain a core part of Boeing’s business after the sale. The transaction is expected to close by the end of 2025 and marks another step by Boeing to reduce its debt pile.
Source: https://www.reuters.com/business/aerospace-defense/buyout-firm-thoma-bravo-nears-deal-boeings-jeppesen-unit-bloomberg-news-reports-2025-04-22