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ITP Aero signs ex-CFO Indra following entry from Bain Capital

Bain Capital makes first meetings after landing at aerospace component company. Among the most relevant moves is the appointment of Juan María Nino as president of the company, which retains Carlos Alzola as CEO. This list also highlights another important pick such as the signing of Javier Lázar, ace new financial director (CFO) from the following October 3. Since 2015, Lázaro has been the Corporate and Financial General Manager of Indra Spanish defense and technology company, and before that he was the financial director of Prisa. Lázaro, a director close…

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Bain Capital completes purchase of ITP for 1,800 million after a year of waiting

Bain Capital Private Equity and its partners closed this Thursday purchase of aircraft engine manufacturer ITP Aero from Rolls Royce for the final price approaching 1.8 billion euros, as confirmed by the British company and collected by Europa Press. The operation was delayed – up to a year – until all necessary approvals were obtained from the Spanish government, which required that the national character of the company’s decision-making center, located in Zamudio (Basque Country) and provider of the Armed Forces. Bain Capital reserves 27.5% of the shares for the…

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