Private equity firm Thoma Bravo is in advanced negotiations to acquire Boeing’s Jeppesen navigation business, with a formal announcement expected later this week, according to a source familiar with the matter.
This development comes nearly a month after Reuters reported strong interest in Jeppesen from multiple private equity firms and at least one aerospace supplier, with final bids pushing the unit’s valuation above $8 billion.
Thoma Bravo has reportedly outpaced rival firms including TPG, Advent, and Veritas to emerge as the winning bidder in the Jeppesen auction, according to multiple sources.
The sale aligns with Boeing CEO Kelly Ortberg’s broader strategy to streamline operations and reduce the company’s debt by divesting non-core assets.
While Boeing declined to comment on the deal, and Thoma Bravo has yet to respond to inquiries, the U.S. aerospace giant is scheduled to release its first-quarter earnings report on Wednesday.
Boeing purchased Jeppesen in 2000 for $1.5 billion. Although the company initially sought over $6 billion in last year’s auction, strong buyer interest ultimately raised the expected sale price.
Based in Englewood, Colorado, Jeppesen is considered a valuable asset thanks to its consistent cash flow, making it attractive to aerospace suppliers and private equity buyers alike.
