Credit Suisse First Boston is leading the bank deal to back the acquisition of airplane part maker Transdigm Holding Company by private equity firm Warburg Pincus and senior management for $1.1 billion. Warburg is buying the company from Odyssey Investment Partners, another private equity firm that has owned Transdigm since 1998. The size, pricing and terms of the credit are still to be determined, said a banker familiar with the deal. But it is expected to size up around $400 million and close in the third quarter of this year. CSFB also managed the auction for Richmond Heights, Ohio-based Transdigm. The leveraged buyout agreement is also subject to the closing of a tender offer for Transdigm's 103/8% senior subordinated notes due 2008. A CSFB official declined to comment and a Transdigm official could not be reached by press time.
CSFB Leads Transdigm LBO Line