Private equity firm CataCap has agreed to acquire U.K.-based AerFin Holdings from U.S.-based CarVal Investors in partnership with management.
AerFin is a leading global specialist in providing cost-saving aftermarket support solutions to the aviation industry. Led by an experienced team of aviation experts, they offer completely bespoke services ranging from whole aircraft and engine sale or lease, through to tailored flight-hour component support solutions based upon used serviceable material.
CataCap will become the majority shareholder in the group, which is expected to generate revenues of approximately DKK 780 million and an operating profit of approximately DKK 115 million in the current financial year.
Together with Founder & CEO Bob James and the management team, CataCap will strengthen the business and make it ready for further international expansion. CataCap has decided to further invest into the aviation sector on the back of the investment in TP Aerospace. The AerFin investment is a separate investment, the third in CataCap Fund II and the first CataCap platform investment outside of Denmark. Long-term CataCap investor Schroder Adveq joins as co-investor on the transaction.
AerFin has managed to gain high growth by extending life of aircraft parts enabling cost-effective solutions for airlines combined with preserving environment re-cycling of parts. This category is growing significantly as focus on cost and impact on the environment growth within the airline sector.
