Mayer Brown advises Boeing on $10.55 billion tech asset sale

In order to consolidate its financial position, Boeing agreed to sell its Jeppesen flight navigation business and other digital assets to Thoma Bravo for $10.6 billion in cash. This is the first major portfolio transaction since Kelly Ortberg, Boeing's CEO, took office. Jeppesen flight navigation was acquired by Boeing for $1.5 billion in 2000. This department...

Deal Roundup: Thoma Bravo buys into Boeing digital aviation unit for $10.55bn, HIG sells Koozie to Mill Point portfolio business

Thoma Bravo has agreed to buy part of Boeing’s digital aviation solutions business in an all-cash transaction valued at $10.55bn. The operation includes Jeppesen, ForeFlight, AerData and OzRunways assets. Boeing said it would retain core digital capabilities that harness both aircraft and fleet-specific data to provide commercial and defense customers with fleet maintenance, diagnostics and […] The post Deal Roundup: Thoma Bravo buys into Boeing…

Mayer Brown advises Boeing on $10.55 billion tech asset sale

Mayer Brown represented Boeing in connection with its definitive agreement to sell portions of its Digital Aviation Solutions business, including its Jeppesen, ForeFlight, AerData, and OzRunways assets, to Thoma Bravo, a leading software investment firm. This all-cash transaction is valued at $10.55 billion. The transaction is expected to close by the end of 2025, subject to regulatory approvals and other closing conditions.Boeing will retain co…