mynth
06/2026

AIR SUPPORT acquired by SOCIETE GENERALE CAPITAL PARTENAIRES, IXO PRIVATE EQUITY & BNP PARIBAS DEVELOPPEMENT

FRANCE Aerospace, Naval & Defense / MRO (Maintenance, Repair & Overhaul) REV 50M - 100M EUR

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.

It is worth noting that the fund Ixo Private Equity / Bnp Paribas Developpement took control of Air Support through an LBO in 2022.

AIR SUPPORT, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Industry & Manufacturing market trends

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

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
LOGIN
LOGIN
LOGIN
2024
LOGIN
LOGIN
LOGIN

Other operations with AIR SUPPORT

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
12/2022IXO PRIVATE EQUITY / BNP PARIBAS DEVELOPPEMENTAIR SUPPORTFRANCEAerospace, Naval & Defense

Air Support has completed a leveraged buyout (LBO) transaction with iXO Private Equity, an existing shareholder, and BNP Paribas Développement, which is joining the company's capital to support a new phase of growth for the aerospace maintenance specialist

REFERENCES

Revenue range: 50M - 100M EUR

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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: air support

Acquirer: bnp paribas developpement / ixo private equity / societe generale capital partenaires