India, July 18 -- Senior plc (SNR.L), an engineering solutions provider, on Friday announced that it has signed a binding agreement to sell its Aerostructures business to Sullivan Street Partners Ltd., a UK-based private equity firm, for a total enterprise value of up to 200 million pounds.
The deal is expected to close by year-end 2025 and is expected to be immediately accretive to adjusted operating profit margin and return on capital employed.
The deal includes an initial payment of 150 million pounds, with up to 50 million pounds in additional consideration payable in the first half of 2026, contingent on Aerostructures' 2025 EBITDA performance.
Further, net cash proceeds of approximately 100 million pounds are expected upfront, befo...