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L Squared to Sell Raptor for $655M

Raptor founded for test, measurement market

Tech-focused private equity firm L Squared Capital Partners in Newport Beach said it has agreed to sell defense and aerospace company Raptor Scientific to TransDigm Group Inc. (NYSE: TDG) for $655 million in cash.
The transaction is subject to customary closing conditions and the receipt of regulatory approval.
Raptor Scientific was founded by L Squared with the goal of investing in the aerospace and defense test and measurement market.
For further details on the planned sale, see the June 10 edition of the Business Journal.

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Kevin Costelloe
Kevin Costelloe
Tech reporter at Orange County Business Journal
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