Adds details of deal throughout
Feb 3 (Reuters) - Investment firms Warburg Pincus and Berkshire Partners have agreed to buy Triumph Group TGI.N in a deal valued at about $3 billion, the aircraft parts maker said on Monday.
The Radnor, Pennsylvania-based company's shareholders will receive $26 per share in cash, representing a premium of 39% over the stock's closing price on Friday.
Triumph's shares rose 35.4% to $25.38 in premarket trading.
The deal comes at a time when aerospace manufacturers are facing supply-chain issues that have led to parts shortages and delivery delays, denting profits in the sector.
Triumph's long-term debt was about $960 million at the end of September.
The company also services military and commercial aircraft, and has a market capitalization of about $1.45 billion, according to data compiled by LSEG.
Goldman Sachs is the exclusive financial adviser to Triumph and Lazard advised Berkshire Partners and Warburg Pincus for the deal, which is expected to close in the second half of 2025.
(Reporting by Aatreyee Dasgupta and Pretish M J in Bengaluru; Editing by Savio D'Souza, Shreya Biswas and Saumyadeb Chakrabarty)
((PretishMJ@thomsonreuters.com; +91 8056974974;))
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