The EQT Mid Market fund (“EQT Mid Market”) today announced that it has reached an agreement to sell E.I.S. Aircraft Products & Services (“E.I.S. APS”), a German-based supplier of light-weight cabin interior products and services, to HannoverFinanz.
Headquartered in Euskirchen, Germany, E.I.S. Aircraft is a well-established product and service provider in the aerospace industry. The company is a key supplier of light-weight cabin interior products, offering an array of composites and specialized thermoplastics solutions to the commercial aviation market.
EQT acquired E.I.S. Aircraft in February 2015, at the time consisting of the airborne training services business E.I.S. Aircraft Aviation Operations (“E.I.S. AO”), and E.I.S. APS. During its ownership, EQT separated the two businesses, successfully selling E.I.S. AO in October 2018 after having more than doubled its EBITDA and supported the further development of E.I.S. APS by professionalizing the management structures and broadening its product offering and customer base.
The transaction is subject to approval from merger authorities and is expected to close during the fourth quarter of 2019. The parties have agreed to keep the transaction details undisclosed.
Andreas Fischer, Partner at EQT Partners, Investment Advisor to EQT Mid Market, +49 89 25 54 990
EQT Press Office, [email protected], +46 8 506 55 334
EQT is a differentiated global investment organization with more than EUR 62 billion in raised capital and around EUR 41 billion in assets under management across 20 active funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 21 billion and approximately 127,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.
About E.I.S. Aircraft
E.I.S. Aircraft Products & Services is a well-established product and service provider focused on the aerospace market with more than 60 years of experience. The businesses offers a comprehensive scope of capabilities throughout the whole value chain, ranging from design and engineering up to program management, production to aftermarket support.
More info: www.eis-group.de