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Mecaer Aviation Group (MAG), based in Borgomanero, Italy, is a top-tier provider of integrated solutions for OEMs and components. The company operates two main units: Integrated Aircraft Systems and Aircraft Services, focusing on helicopters and small jets. MAG serves both OEMs and end-users, with production facilities in Europe and North America.
Investment Date
December 2021
Transaction Type
Buyout
Industry
Aerospace, Defense & Government Services
Geography
Europe
Investment & Value Creation Thesis
Opportunity
Partner with European-based PE fund to invest in a global aerospace & defense supplier specializing in flight-critical systems and services for rotorcraft, business jets and military aircraft
Investment Thesis
- Build a global platform with the objective of transitioning from a traditional component supplier to a systems integrator with proprietary IP and “make-to-design” capabilities
Value Creation Initiatives
- Refreshed the management team
- Supported operational improvement initiatives
- Expansion of product offerings
- Worked towards customer base diversification
- Completed M&A to expand system and service capabilities
Overall impact:
The business has evolved toward an IP-focused aerospace systems platform with broader geographic operations
Disclaimer: The case studies presented on this page are illustrative of the investment approach of Stellex Capital Management LLC (“Stellex” or the “Firm”), and are not intended to represent all investments made by Stellex or its affiliated funds. The selection of case studies presented is intended to illustrate a range of sectors, transaction types, geographies, and/or stages of investment within the Firm’s portfolio, and is not based on performance criteria. The investments referenced should not be assumed to be representative of the full portfolio nor experience of other Stellex investments. The case studies describe selected investment activities and outcomes and do not reflect all aspects of the investments, including risks, challenges, or factors that may or may have negatively affected performance. Certain investments shown remain in Stellex’s current portfolio and have not yet been fully realized; the value-creation initiatives, outcomes, and other characteristics described reflect activity to date and are subject to change. References to value-creation activities reflect efforts undertaken by Stellex and portfolio company management; specific outcomes may be attributable to multiple factors, including factors outside Stellex’s control. Statements regarding investment thesis, value-creation initiatives, and anticipated outcomes are forward-looking and not guarantees of future performance. Future results may differ materially from the descriptions provided. A complete list of Stellex’s investments is available upon request.
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