Aurelius Growth Capital sells Aerotec Group to Borromin

Grün­wald, Septem­ber 6, 2022 — AURELIUS Growth Capi­tal sells Aero­tec Europe GmbH (“Aero­tec Group”) inclu­ding its subsi­diary Airplane Equip­ment & Services A.E.S. to the finan­cial inves­tor Borro­min Capi­tal Fonds IV.

The Aero­tec Group, inclu­ding its subsi­diary Airplane Equip­ment & Services, is a leading service company for the air cargo indus­try in Europe. Repair and main­ten­ance of air freight contai­ners are the focus of the company with around 120 employees. In addi­tion, certi­fied main­ten­ance and repair services are provi­ded for regu­la­ted passen­ger aircraft compon­ents. The company main­ta­ins custo­mer rela­ti­onships with well-known Global Air Cargo compa­nies at all rele­vant German cargo airports.

“The corpo­rate deve­lo­p­ment of Airplane Equip­ment & Services as well as the successful manage­ment buy-out exem­plify our special exper­tise in faci­li­ta­ting successful succes­sion plan­ning in medium-sized compa­nies. We bring our opera­tio­nal approach inten­si­vely into this process and always accom­pany our port­fo­lio as a close as well as relia­ble part­ner on the deve­lo­p­ment path,” comm­ents Eric Blumen­thal, Mana­ging Part­ner of AURELIUS Wachstumskapital.

In 2016, AURELIUS acqui­red a majo­rity stake in Airplane Equip­ment & Services as part of a corpo­rate succes­sion. The company has achie­ved very good opera­tio­nal deve­lo­p­ment during its time in the AURELIUS port­fo­lio — inclu­ding signi­fi­cant reve­nue and earnings growth. Toge­ther with the AURELIUS team, the manage­ment successfully navi­ga­ted the uphe­avals of the COVID pande­mic. In 2021, Frank Kusse­row, an indus­try expert, could be won as mana­ging direc­tor. Kusse­row took over respon­si­bi­lity from foun­der Willy Rein­hardt, seam­lessly contin­ued the company’s deve­lo­p­ment and acqui­red a stake in Airplane Equip­ment & Services as part of the transaction.

“My special thanks go to the AURELIUS Growth Capi­tal team around Eric Blumen­tal, who supported us in close shoulder-to-shoulder from the very begin­ning and stood by us as a valuable spar­ring part­ner,” says Frank Kusserow.

“In tran­sac­tions, it always depends on the part­ners. We are convin­ced that we have found a suita­ble inves­tor and manage­ment combi­na­tion in Borro­min and Frank Kusse­row. Accor­din­gly, we are confi­dent about the future opera­tio­nal deve­lo­p­ment of the Aero­tec Group,” Blumen­thal continued.

Advi­sor AURELIUS Growth Capital: 

Stephens Invest­ment Banking (M&A, Phil­ipp von Grawert and Valen­tin zur Strassen),
EGO HUMRICH WYEN (Legal, Dr. Alex­an­der Ego, Dr. Jan-Henning Wyen and Dr. Achim Speng­ler), Ebner Stolz (Finan­cial Due Dili­gence, Joerg Scho­berth and Jan Phil­ipp Schwed­helm) and CIL Manage­ment Consul­tants (Commer­cial Due Dili­gence, Juliane Kaden-Botha and Florian Wohlfart).

About Borro­min Capital

Borro­min Capi­tal Manage­ment GmbH (Borro­min) successfully struc­tures, finan­ces and accom­pa­nies corpo­rate succes­si­ons in Germany and neigh­bor­ing count­ries. By provi­ding equity capi­tal, Borro­min enables company owners to trans­fer their life’s work in an orderly manner and ensu­res the contin­ued deve­lo­p­ment of the compa­nies. In addi­tion, we parti­ci­pate in Group spin-offs and provide equity capi­tal for fast-growing compa­nies. We attach great importance to the manage­ment teams beco­ming co-entre­pre­­neurs through equity participation.

Borro­min was foun­ded in 2001 in Frank­furt as an inde­pen­dent consul­ting firm for equity finan­cing (private equity) owned by the part­ners and is curr­ently advi­sing the fourth Borro­min Fund. The funds’ capi­tal is provi­ded by insti­tu­tio­nal and private inves­tors from Germany and abroad.

About the AEROTEC Group

The Aero­tec Group (as well as Airplane Equip­ment & Services) was foun­ded in 1997 in Colo­gne by Willy Rein­hard as a service company for main­ten­ance and repair work on regu­la­ted compon­ents of passen­ger aircraft. Since then, the company has expan­ded its service port­fo­lio and become a leading service provi­der for the air freight indus­try in the DACH region. The company main­ta­ins five inde­pen­dent bran­ches near the airports of Colo­gne, Frank­furt, Leip­zig and Basel. Each loca­tion offers its custo­mers certi­fied services at the highest level.

About AURELIUS

AURELIUS is a pan-Euro­­pean alter­na­tive invest­ment group with offices in London, Luxem­bourg, Munich, Amster­dam, Stock­holm, Milan, Madrid and Düssel­dorf. AURELIUS has exten­sive opera­tio­nal exper­tise as well as expe­ri­ence and is thus in a posi­tion to acce­le­rate the value crea­tion process in its port­fo­lio companies.

The main invest­ment plat­forms are the AURELIUS Euro­pean Oppor­tu­ni­ties IV Fund and the exch­ange-traded AURELIUS Equity Oppor­tu­ni­ties SE & Co. KGaA (ISIN: DE000A0JK2A8, stock exch­ange symbol: AR4), which acquire group spin-offs and compa­nies with deve­lo­p­ment poten­tial in the midmar­ket sector. The core element of the invest­ment stra­tegy is to grow the port­fo­lio compa­nies with a team of nearly 100 in-house opera­tio­nal taskforce experts.

AURELIUS is also active in the busi­ness areas of growth capi­tal, real estate and alter­na­tive forms of finan­cing. AURELIUS Growth Capi­tal parti­ci­pa­tes in LBO tran­sac­tions for midmar­ket succes­sion solu­ti­ons. AURELIUS Real Estate Oppor­tu­ni­ties focu­ses on real estate invest­ments with sustainable value enhance­ment poten­tial through active manage­ment. AURELIUS Finance Company offers flexi­ble finan­cing solu­ti­ons for compa­nies throug­hout Europe.