16 February 2016
Press ReleasesJames Cowper Kreston has provided lead advisory services to Airbase Interiors Limited ("Airbase", "the Company") on its disposal to Aero Technics Limited ("Aero Technics"), an aircraft maintenance company.
Located in Gatwick and evolved from Airbase Services (UK) in May 2006, Airbase is a leading provider of cabin interior maintenance and support services to the aviation industry. Widely recognised across Europe, the Company provides services including the manufacture, maintenance, repair and overhaul of all types of cabin and galley equipment.
Founded in 2002, the acquirer, Aero Technics, is a leading aviation group focussed on aircraft interiors, kitting services, design services and composites. Private Equity specialist, Graphite Capital, provided development capital to Aero Technics in support of the acquisition. The transaction marks the first steps towards building a portfolio of businesses solely focussed on aircraft servicing.
Nick Rogers, Partner and Head of Corporate Finance at James Cowper Kreston, commented: "We are delighted to have advised Airbase on its disposal to Aero Technics. Both companies are well-established in the aircraft industry. With backing from Graphite Capital, Aero Technics is excellently placed for its future development. We wish them every success in the future."
Allen Eden, from Airbase Interiors Limited, commented: "We would like to thank the Corporate Finance team at James Cowper Kreston for their advice throughout the disposal. Their hands-on approach and attention to detail helped to ensure that the transaction was completed smoothly and to deadline."
For more information on our award winning range of corporate finance services, please call Nick Rogers on +44 (0)118 9590261.
