Kingswood Capital Management, LP entered into a definitive agreement to acquire Safran passenger Innovations, LLC from Safran SA (ENXTPA:SAF) on December 10, 2025. Following the acquisition, Safran passenger Innovations, LLC will be renamed as RAVE Aerospace.
SPI generated approximately $460 million in revenue and employs around 740 people across three sites ? two in the United States and one in Germany. Matt Smith will continue to serve as SPI?s Chief Executive Officer, and the entire SPI leadership team will remain in place.
The transaction is subject to customary legal and regulatory requirements and is expected to close early next year.
Goodwin Procter LLP served as legal advisor and Configure Partners served as financial advisor to Kingswood Capital Management, LP.
Kingswood Capital Management, LP completed the acquisition of Safran passenger Innovations, LLC from Safran SA (ENXTPA:SAF) on February 5, 2026.
Safran is a high technology international group, a leading equipment provider in the Aerospace and Defense markets. The group specializes in the design, manufacturing, and marketing of equipment and systems of high technology mechanical and electronic equipment. Net sales break down by product family as follows:
- aeronautic and space propulsion systems (50%): helicopter motors (No. 1 worldwide), civil and military airplanes motors, systems for space lancers and missiles, turboreactors for drone targets, etc.;
- aircraft equipment, defense systems and aerosystems (39.3%): airplane engine pods, landing gear, braking systems, electric wiring systems, etc. Safran also offers on board aircraft systems and equipment (primarily evacuation slides, emergency arresting systems, protective parachutes and oxygen systems, electrical power management systems, control systems, water and waste management systems and connectivity systems) and defense and security systems (helicopter flight controls, fingerprint-based biometric identification systems (No. 1 worldwide), inertial systems, optronic systems, tactical drone systems, etc.);
- aircraft interiors (10.7%): cabin interiors and seats.
Net sales are distributed geographically as follows: France (19%), Europe (23%), Americas (29%), Asia and Oceania (19%), Africa and Middle East (10%).
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