PAI Partners-Led Shareholder Group Completes Acquisition of Italy's Mecaer Aviation Group
Why It MattersPrivate-equity capital is consolidating ownership of a supplier of critical flight systems to helicopter and private-jet makers, signalling sustained investor appetite for niche aerospace supply-chain businesses.
A group of shareholders led by PAI Partners has acquired 100% of the share capital of Mecaer Aviation Group, an Italian aerospace company that designs and produces high-tech aeronautical systems. The previous shareholders, including Fondo Italiano d'Investimento, acting as management company of Fondo Italiano di Consolidamento e Crescita (FICC), sold the company to the new group. Under the agreements, Fondo Italiano d'Investimento, through Fondo Italiano di Consolidamento e Crescita II, has reinvested in Mecaer alongside the founding families, the management and a pool of other co-investors, ensuring continuity in governance.
Headquartered in Borgomanero (NO), Mecaer develops and produces critical flight systems and components, including flight control, actuation and landing systems for helicopters and private jets. It also designs and develops cabin interiors and provides maintenance services. The group operates seven production and maintenance sites in Italy, North America and Canada, and serves the main global original equipment manufacturers (OEMs) in the sector as well as major international Tier-1 suppliers.
PAI Partners was advised on corporate M&A aspects by A&O Shearman, with a team led by Partners Paolo Nastasi and Francesca Croci. Fondo Italiano d'Investimento was advised by Latham & Watkins, with a team led by Partners Stefano Sciolla and Andrea Stincardini.
