Author: Brenda Marie Rivers|| Date Published: October 30, 2019
Advent International has secured regulatory approval in the U.S., European Union and Finland for the Boston-based private equity firm’s proposed $5B acquisition of U.K.-based aerospace and defense technology supplier Cobham, Reuters reported Tuesday.
The report said Britain’s Competition and Markets Authority could soon release the findings from its national security probe on the deal, which was first announced in July and backed by shareholders.
According to Advent, it continues to work with the U.K. government “to demonstrate its commitment to providing assurances which reflect good custodianship of Cobham.”
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