AAR has agreed to acquire a 65% controlling interest in Bain Capital-backed aircraft maintenance group MRO Holdings at a $4bn implied enterprise value, in a deal set to create what AAR says will be the world’s largest heavy aircraft maintenance provider. Chicago-area AAR provides parts, repair and software services to commercial aviation and government customers, while MRO Holdings employs about 10,000 people providing aircraft maintenance and modifications from five facilities across the Americas. AAR will pay about $1.8bn of equity value for the initial stake and repay roughly $1.3bn of MRO’s borrowings, with Bain remaining invested alongside MRO’s other existing owners.
GTCR has acquired Tactacam from Bertram Capital and the cellular-camera company’s founders in a transaction worth more than $1bn, according to the Wall Street Journal. Tactacam has more than one million subscribers for its cellular-connected trail and security camera platform. CEO and co-founder Jeff Peel will continue to lead the business and retain significant ownership alongside co-founder Ben Thorud. Bertram invested in Tactacam in 2023.
Samsung has committed $1bn to KKR-backed Helix Digital Infrastructure, adding to more than $10bn of long-duration capital already committed to the AI infrastructure platform by founding investors including KKR, Kuwait Investment Authority, Nvidia and Vistra. Helix was launched in June to invest in data centres, power, connectivity and related infrastructure for hyperscalers. Samsung is investing through its long-duration capital fund, with Helix also planning to explore use of the Korean group’s capabilities across technology, construction, energy storage and cooling.
Fidelity Management & Research and Amplify have co-led a $150m Series C for physical AI semiconductor business SiMa.ai at a $1.45bn valuation. StepStone Group, Dell Technologies Capital, Alter Venture Partners, Maverick Capital, Point72 and +ND Capital participated alongside new investors including AllianceBernstein, Baron Capital, J.P. Morgan and the State of Michigan. The oversubscribed round takes SiMa.ai’s total funding to $500m and will support development and scaling of its AI hardware and software for robotics, automotive systems and drones.
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