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Advent buys CobhamMannerisms - David MannersJul. 25, 2019 |
UK defence and aerospace contractor Cobham has been bought by US private equity fund Advent for £4 billion.
Cobham has been struggling to get back on track after incurring very large debts on takeovers.
It needed a £500 million rights issue when it ran into trouble on a USAF contract.
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