Global investment firm Permira has released that a company backed by the Permira Funds will acquire the majority of the shares of Topcast Aviation Supplies Company Limited and its affiliates, the largest independent aircraft parts distributor in the Asia Pacific region, from its founders. The founders and current management team, including Managing Director Thomas Hung and Director of Marketing & Sales Calvin Li, will remain shareholders and continue to play an important role in the continued development of the Company.
Founded in 1991 and headquartered in Hong Kong, Topcast has nineteen offices across Asia, the Americas and the UK. Topcast connects suppliers with customers in all segments of aviation including airlines, Maintenance, Repair, and Overhaul (MRO) service providers and Original Equipment Manufacturers (OEMs). As a value-added partner, Topcast operates as an extension of the suppliers offering not only aftermarket support, but also the development of new businesses for its principals. In addition to the core aircraft parts distribution business, Topcast also provides technical support and maintenance services and distribution of industrial cables and wires. It has a repair station in Hong Kong that operates as a service centre for many of the products it sells and can provide warranty repairs for customers on behalf of its suppliers. The Company’s largest market is Greater China, the fastest growing aviation region of the world.
