Tikehau Ace Capital, a private equity firm specializing in strategic industries and technologies and a subsidiary of Tikehau Capital, has signed an agreement to acquire 100% of Acatec through the private equity fund Aerofondo (Ace Aerofondo IV F.C.R.), with SEPIDES, Airbus, Indra and Tikehau Capital as investors. The fund, whose purpose is to invest in companies active in the Spanish aerospace and defense sector, carries out its first investment in this firm specialized in precision machining for the aerospace industry.
Founded in 1991 and located in Arganda del Rey (Madrid), Acatec employs 50 people and has a strong recognition in the national market, thanks to its high-quality processes and extensive experience in the sector under the leadership of Doroteo González. It manufactures high-precision parts for aircraft and has more than 700 different references in production.
The deal, expected to close by September, was signed through the Aerofondo, a private equity fund with an initial amount of €100 million. The fund is aimed at Spanish companies active in the aerospace industry, to consolidate and strengthen the industry in Spain. Aerofondo follows Tikehau Capital’s traditional model, whereby the group invests its own capital in funds managed by its group entities, to ensure full alignment of interests between the company and its investors.
Together with Tikehau Ace Capital, Acatec aims to be part of an ambitious growth and consolidation project within the Tier II manufacturing segment in Spain.
Carmen Alonso, Head of United Kingdom and Iberia at Tikehau Capital, said: “The Spanish aerospace industry stands out for its relevance and international positioning, having generated €11.4 billion in 2020. We are proud to announce Aerofondo’s first investment and to contribute to the development of Acatec, which has established itself as a reliable and trusted player. Acatec has a solid relationship with several tier-1 customers and has a high growth potential thanks to its industrial capabilities to develop key parts for aircraft such as the A320, A220 and A350 models”.
About Tikehau Ace Capital
Tikehau Ace Capital is a private equity firm specializing in strategic industries and technologies, with €1.3 billion in assets under management. Founded in 2000, Tikehau Ace invests with a vertical focus on strategic industries (e.g. aerospace, defense and technologies (e.g. cybersecurity)). Tikehau Ace Capital has built its model on strategic partnerships with large companies (such as Airbus, Safran, Dassault Aviation, Thales, EDF, Naval Group and Sopra Steria), which invest in its funds and maintain an ongoing dialogue with the company, enabling Tikehau Ace Capital to take a differentiated approach to investment.
Tikehau Ace Capital is present in Paris, Toulouse and Madrid, and benefits from Tikehau Capital’s global presence.
www.tikehau-ace.capital
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