TDG - TransDigm competing with buyout firms for Cobham unit - Bloomberg

TransDigm ([[TDG]] +0.6%) is competing with P-E firms including Cinven and CVC Capital Partners in bidding for Cobham's (CBHMY) communications and navigation division, Bloomberg reports.The business could fetch $900M-$1B, and Cobham's owner, Advent International, aims to pick a winner in the next few weeks, according to the report.A purchase of Cobham Aerospace Connectivity would add a maker of antenna systems as well as radio, guidance and anti-jamming equipment for use on land, sea and air to TransDigm's stable.In a bearish analysis posted on Seeking Alpha, Michael Fitzsimmons says TransDigm "faces two strong headwinds: the ongoing Boeing 737 drama combined with COVID-19 driven demand destruction for airline travel."

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TransDigm competing with buyout firms for Cobham unit - Bloomberg