TOWERBROOK, TORREAL & PENINSULA CAPITAL
invest in
AERNNOVA
TOWERBROOK, TORREAL & PENINSULA CAPITAL invest in AERNNOVA
Context
The investment in Aernnova Aerospace by TowerBrook Capital Partners, Torreal, and Península is a strategic move to support the company's growth and development in the aerospace sector. The deal requires regulatory approval from Spain, the U.S., and the European Union, and is subject to certain conditions being met. The investment will provide Aernnova with the necessary resources to drive its strategic vision and objectives, and will enable the company to capitalize on opportunities for further development and expansion in the global aerospace industry. The transaction is TowerBrook's first investment in Spain since the firm opened an office in Madrid last year, and marks a significant commitment to the Spanish market. With a strong management team in place, led by President Iñaki López Gandásegui, Aernnova is well-positioned to achieve its objectives and drive growth in the aerospace sector.
AERNNOVA, which reported an EBITDA margin of LOGIN in 2017, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.1x).
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.
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Target
Aernnova is a leading aerostructures company specializing in the design and manufacturing of aerostructures and components, such as empennages, wings, and fuselage sections. The company operates a network of over 20 locations in 8 countries, with its headquarters located in Spain. Aernnova is the first aerostructures Tier I supplier in Spain and the 10th worldwide. The company has a strong presence in the global aerospace industry, with a focus on providing high-quality products and services to its customers. Aernnova's business model is centered around the design, development, and manufacturing of aerostructures, with a strong emphasis on innovation, quality, and customer satisfaction. The company's products are used in a variety of applications, including commercial and military aircraft, and its customer base includes major aerospace companies such as Airbus and Boeing.
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Historical Financials (EUR)
Other operations with AERNNOVA
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 04/2015 | SPRINGWATER CAPITAL | AERNNOVA | SPAIN | Aerospace, Naval & Defense | The acquisition of Aernnova by Springwater Capital and the company's management team is a strategic move to support the company's continued growth and development. The investment is expected to provide Aernnova with the resources and expertise needed to expand its presence in the global aerospace industry, and to pursue new opportunities for growth and innovation. The deal is also expected to provide a strong return on investment for Springwater Capital, and to support the firm's strategy of investing in leading companies in the aerospace industry. The acquisition is the result of a complex process involving multiple stakeholders, and required significant negotiation and strategic planning to complete. The deal is expected to have a positive impact on Aernnova's customers, employees, and suppliers, and to support the company's continued success in the aerospace industry. |
REFERENCES
Valuation range: EV 1b - 4b EUR
Revenue range: 450M - 900M EUR
EBITDA range: 100M - 200M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AERNNOVA by TOWERBROOK / TORREAL / PENINSULA CAPITAL are reserved for mynth community members. Register for free to unlock full data.
Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: aernnova
Acquirer: towerbrook / peninsula capital / torreal