Transaction: Divestments
Date: March 2017
Deal value: Not disclosed
Process: Private
Industry: Logistics and commercial services

See more references for this client type
See more references for this service

FIH Partners advised the founders of TP Aerospace, which repairs, leases and sells wheels and brakes to airlines across the globe, on the divestment to CataCap. The two founders, Peter Lyager and Thomas Ibsø, will invest alongside CataCap as minority shareholders and continue in management.

Headquartered in Denmark, TP Aerospace is a global full-service provider of wheels and brakes for airlines worldwide. The company was founded in 2008 and today has 174 employees in offices and service centres in Copenhagen, Dubai, Las Vegas, Orlando, Singapore, Melbourne and Hamburg. In 2016, the company recorded revenues of DKK 428m and EBITDA of 74m.

The acquirer, CataCap is a Danish private equity firm investing in small and medium sized Danish companies characterised by a significant development potential and an innovative business model with long-term sustainability. CataCap will help to position TP Aerospace for further growth.

FIH Partners acted as exclusive financial advisor to the founders including:

  • Assisting the company in preparing documentation of their strategy and underlying market

  • Assisting the company in preparation of a financial vender due diligence report

  • Arranging a competitive structured sales process targeted towards a broad audience of both industrial and financial buyers, including early-look meetings with most obvious potential buyers

  • Negotiating final terms of the transaction

The parties have agreed not to disclose the value of the investment.