Press release from the Competition Council regarding the economic concentration project concerning the exclusive takeover by the company “BCPE Lightning Buyer, Inc.” of the companies “FDH Defense Aftermarket, Inc.” and “FDH Group Intermediate, Inc.”

In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.

This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not prejudge the Competition Council’s position on the proposed operation.

The publication of this press release does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.

Names of the companies and groups concerned:

• The acquirer: “BCPE Lightning Buyer, Inc.”;
• The targets:
• “FDH Defense Aftermarket, Inc.” and its subsidiary.
• “FDH Group Intermediate, Inc.” and its subsidiaries.

Nature of the operation:

• Exclusive takeover.

Economic sectors concerned:

• Distribution of components and parts for the aerospace and defense sectors.

Deadline for interested third parties to submit their observations:

• 10 days from the date of publication of this press release, i.e. July 8, 2026.

NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES

The Competition Council received notification of an economic concentration project concerning the exclusive takeover by the company “BCPE Lightning Buyer, Inc.” of the company “FDH Defense Aftermarket, Inc.” and its subsidiary, and the company “FDH Group Intermediate, Inc.” and its direct and indirect subsidiaries, through the acquisition of all the shares of said companies and the voting rights associated therewith.

“BCPE Lightning Buyer, Inc.” is a company incorporated under the laws of the State of Delaware in the United States, with its registered office at c/o Suite 302, 4001 Kennett Pike, Wilmington, County of New Castle, Delaware 19807, United States. The company “BCPE Lightning Buyer, Inc.” is indirectly controlled by funds managed and/or advised by Bain Capital Investors LLC, and is a specially formed acquisition vehicle for the purposes of the proposed operation.

“Bain Capital Investors LLC”, with its registered office at 200 Clarendon Street, Boston, MA 02116, United States, is an international private investment company targeting companies operating in several sectors including information technology, healthcare, distribution and consumer products, communications, financial services, as well as industry and manufacturing.

“FDH Defense Aftermarket, Inc.” is a company incorporated under the laws of the State of Delaware in the United States, with its registered office at Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware, United States, and is registered with the State of Delaware under number 6267156.

“FDH Group Intermediate, Inc.” is a company incorporated under the laws of the State of Delaware in the United States, with its registered office at Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware, United States, and is registered with the State of Delaware under number 6310370.

The targets are companies specialized in the distribution of components and parts for the aerospace and defense sectors.

 

Done in Rabat, June 26, 2026