Funds advised by Permira Debt Managers (PDM) are to support private investment house Ardian in its acquisition of a majority stake in Revima, an international maintenance, repair and overhaul (MRO) specialist in the aviation sector.
The transaction, co-arranged with incumbent lender Tikehau Capital, continues PDM’s focus on supporting niche market leaders with strong, long-term growth in resilient markets.
Founded in 1952 and headquartered in France, Revima group is a leading independent player in the civil and freight aviation MRO market, specialising in auxiliary power units and landing gears. Revima supports aircraft operators, lessors and repair stations worldwide, positioning it as one of the most experienced MROs in the world, with extensive understanding of airline expectations, best in class value and services.
Revima is active in a fast-growing market driven by the continued increase of aircrafts in service worldwide. The group is ideally positioned to continue this development following investment in its French site, the construction of a new industrial site in Thailand, and the pursuit of a bolt-on acquisition strategy.
Roy Awad, Investment Director at PDM, says: “Revima is a well-regarded business in the fast-growing and resilient aerospace market. It has a strong management team with a demonstrated growth track record. The business continues to perform strongly, and we are excited to support the company in its future growth strategy. We are also delighted that Permira Debt Managers is backing new owners Ardian, a top-tier sponsor with strong sector expertise and excellent reputation.”
The PDM funds have now supported over 150 ambitious and fast-growing European companies with over EUR8 billion of capital since PDM’s inception in 2007.