Blackstone Group and Tinicum Capital have agreed to acquire UK aerospace supplier Senior in a $1.85bn deal, as reported by Reuters. The consortium is offering 300 pence per share in cash, a 2.8% premium to Senior's last closing price. This transaction underscores continued private equity interest in aerospace and defence assets, particularly those benefiting from increased global defence spending.

Senior, based in Hertfordshire, supplies components to major customers including Lockheed Martin, with approximately 16% of its revenue derived from defence. The acquisition positions Blackstone and Tinicum to capitalise on long-term demand in the sector driven by geopolitical tensions and sustained government investment. The deal follows a competitive process involving multiple private equity bidders, with Arcline recently withdrawing from discussions and an earlier £1.14bn offer from Advent being rejected, highlighting strong investor appetite for the asset.