CPPIB commits $450M to fuel Ontic’s aerospace growth

LONDON — Canada Pension Plan (CPP) Investment Board committed US$450 million to support Ontic. CVC Capital Partners, Ontic’s current financial partner, will remain invested in the business.

Ontic provides original equipment manufacturer (OEM) licensed parts and repair services for established aerospace technologies and operates primarily in the U.K., U.S., and Singapore. The company manufactures and assembles over 8,000 flight-critical systems and products, serving a global clientele comprising aerospace leaders across OEMs and aircraft operators.

“Ontic is a globally trusted aerospace partner, supporting and supplying established aircraft parts to the world’s aerospace leaders. It is uniquely positioned to address the strong need for products and services necessary to extend the longevity of existing aircraft fleets,” said Hafiz Lalani, Managing Director and Global Head of Direct Private Equity, at CPP Investments.

“We look forward to working alongside CVC, a long-standing partner to CPP Investments, and the Ontic leadership team, to support the business as it aims to continue its current growth trajectory while delivering attractive risk-adjusted returns for CPP contributors and beneficiaries,” Lalani added.

This transaction has been signed and is subject to customary conditions and regulatory approvals. The transaction is expected to complete by year-end 2024.