KKR Sells Novaria Group to Arcline Investment Management for $2.2 Billion
KKR & Co. has agreed to sell its aerospace and defence portfolio company, Novaria Group, to Arcline Investment Management in a $2.2 billion all-cash transaction, marking one of the largest sponsor-to-sponsor deals of 2025 in the global industrials sector. Based in Fort Worth, Texas, Novaria is a specialised supplier of precision-engineered components an…