Alantra advised Graphite Capital and the management shareholders on the development capital investment in Aero Technics, a civil aircraft maintenance business focusing on cabin services
Alantra has advised Graphite Capital and the management shareholders on the development capital investment in Aero Technics, a civil aircraft maintenance business focusing on cabin services. This investment has supported the acquisition of Airbase Interiors, a business which specialises in the repair and dry cleaning of aircraft seats.
Aero Technics was founded in 2002 by its present chief executive, Steve Cloran. He has long experience in the aircraft services industry and will continue to lead the combined business, which will have operations in Manchester, Dubai, Heathrow and Gatwick with a customer base that spans many leading airlines.
The acquisition of Airbase is the first step towards building a group of businesses focused on aircraft servicing with significant growth opportunities in both the UK and internationally. Aero Technics will continue to focus initially on cabin maintenance services, and in particular seats. Potential further acquisitions have already been identified which would allow the company to broaden the range of its services and geographic scope, and gain significant synergies.
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