CataCap announced on 18 September that it had acquired Welsh-based MRO company AerFin, from US-based CarVal Investors in partnership with senior management, according to MRO-Network.com. The investment is the Danish private equity company’s first outside of their home country.
The buyout will see CataCap take the reigns as majority shareholder at AerFin, a company it projects will generate around US$115 million this financial year. AerFin’s focuses on narrowbody and regional airframes, engine leases and sales and component support. It also provides engine disassembly services for CF34, CFM and Rolls-Royce engines.
CataCap is familiar to the MRO segment, having acquired a stake in fellow Danish company TP Aerospace, a wheels and brakes repair specialist based in the Hvidovre area of Copenhagen, back in 2017.
AerFin founder and current CEO Bob James will remain at the helm along with the company’s existing management team. James, who established AerFin in 2010, will retain an equity interest in the business.