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Advent International: Cobham

Question for Department for Business, Energy and Industrial Strategy

UIN 148678, tabled on 3 February 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether the legally binding undertakings given to the Government by Advent International when its purchase of Cobham was agreed in 2020 remain valid in respect of Cobham Mission Systems following the further sale of that business by Advent International to Eaton; and if he will make a statement.

Answered on

8 February 2021

The Government has been following closely the sale of Cobham Mission Systems to Eaton Corporation plc. The undertakings given to the Government by Advent International when it purchased Cobham in 2020 do not prevent the sale of the whole or parts of Cobham by Advent International. As a result of the sale of Cobham Mission Systems, Advent International is no longer bound by the undertakings in respect of Cobham Mission Systems. Any safeguards to address concerns arising from the sale of Cobham Mission Systems will be considered separately with the new owners.

Named day
Named day questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.