Air Support acquired by Societe Generale Capital Partenaires, Ixo Private Equity & BNP Paribas Developpement
Context
The transaction involves Société Générale Capital Partenaires joining the shareholder base of Air Support alongside existing investors iXO Private Equity and BNP Paribas Développement. This investment marks the third buy-out for Air Support, following previous investments in 2017 and 2022. The new financing is supported by a consortium of banks including Caisse d’Epargne Midi-Pyrénées, Crédit Agricole Toulouse 31, and LCL. The strategic rationale behind this investment is to support Air Support's continued growth and expansion, both in France and internationally, by reinforcing its industrial capabilities. The company's significant increase in revenue and workforce over the past few years demonstrates its potential for further development. With the backing of its new and existing investors, Air Support is well-positioned to enhance its services and strengthen its position in the aerospace and defense industry. The investment by Société Générale Capital Partenaires, iXO Private Equity, and BNP Paribas Développement reflects their confidence in Air Support's management and its growth prospects. The company's ability to attract such prominent investors underscores its reputation and the quality of its services. As Air Support continues to expand, it is likely to explore new opportunities for growth, including potential acquisitions or partnerships that could further enhance its capabilities and market presence.
In the past, Air Support was acquired by Ixo Private Equity / BNP Paribas Developpement in 2022 as part of its expansion strategy.
Air Support, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of [members only].
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Target
Founded in 1992 and headquartered in Pujaudran, Gers, Air Support is a leading French specialist in the maintenance, repair, and management of aerospace equipment. The company primarily focuses on engine components and associated systems used by airlines, maintenance workshops, and major players in the aerospace industry. With its recognized technical expertise and certifications meeting the most stringent industry standards, Air Support has established itself as a benchmark in a market where reliability, safety, and regulatory compliance are paramount. The company offers a comprehensive range of services, including inspection, repair, overhaul, and logistics management for a wide variety of aerospace components. Each year, Air Support handles several thousand pieces of equipment, leveraging its specialized industrial infrastructure and highly skilled teams to meet the demands of its clients. Its expertise enables the company to support the growing needs of the aviation sector, particularly in the context of a sustained recovery in global air traffic and increasing fleet maintenance requirements. With a global customer base of over 200 clients across approximately 40 countries, Air Support collaborates with several major civil and industrial aerospace players, solidifying its position as a trusted partner in the industry.
Ent. Value
[members only]
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Air Support
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 12/2022 | IXO PRIVATE EQUITY / BNP PARIBAS DEVELOPPEMENT | AIR SUPPORT | FRANCE | MRO (Maintenance, Repair & Overhaul) |
Other operations with Societe Generale Capital Partenaires / Ixo Private Equity / BNP Paribas Developpement
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 08/2026 | IXO PRIVATE EQUITY | HARDLOOP | FRANCE | Specialized E-commerce |
| 06/2026 | EKKIO CAPITAL / BPIFRANCE / CARVEST (CRÉDIT AGRICOLE RÉGIONS INVESTISSEMENT) / BNP PARIBAS DEVELOPPEMENT | CALICÉO | FRANCE | Leisure Facilities |
| 06/2026 | FRENCH FOOD CAPITAL / BPIFRANCE / BNP PARIBAS DEVELOPPEMENT | FABULOUS FRENCH BRASSEURS | FRANCE | Wines & Spirits |
| 05/2026 | SOCIETE GENERALE CAPITAL PARTENAIRES / CAPITAL GRAND EST / BTP CAPITAL | LAGARDE MEREGNANI | FRANCE | Finishing Works |
| 01/2026 | SIPAREX / SOCADIF / BNP PARIBAS DEVELOPPEMENT | NOVAKAMP | FRANCE | Aerospace, Naval & Defense |
| 12/2025 | IDIA CAPITAL INVESTISSEMENT / BNP PARIBAS DEVELOPPEMENT / MULTICROISSANCE | RECAERO | FRANCE | MRO (Maintenance, Repair & Overhaul) |
| 11/2025 | BPIFRANCE / BNP PARIBAS DEVELOPPEMENT | SACRED | FRANCE | Plastics |
| 10/2025 | BNP PARIBAS DEVELOPPEMENT | AGP (ALLIANCE GLOBAL PROCUREMENT) | FRANCE | BPO & Outsourcing |
| 09/2025 | SOCIETE GENERALE CAPITAL PARTENAIRES / BPIFRANCE | PARELLA | FRANCE | Consulting & Audit |
| 09/2025 | CREDIT MUTUEL EQUITY / EURAZEO / BPIFRANCE / BNP PARIBAS DEVELOPPEMENT | PROTEOR | FRANCE | Implants & Prosthetics |
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REFERENCES
Revenue range: REV €50–100M
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Air Support by Societe Generale Capital Partenaires / Ixo Private Equity / BNP Paribas Developpement are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
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