JLL Partners to sell McKechnie for $1.2Bn

Private equity firm JLL Partners intends to sells its share in McKechnie Aerospace Holdings to aircraft parts maker TransDigm Group Inc in a deal worth $1.27 billion in cash. It will be TransDigm’s biggest ever acquisition. Shares of TransDigm were $64.65 on the New York Stock Exchange on Monday, a year high, before dropping to $62.