Hivest Capital Partners has signed a deal to acquire aerospace-related assets from Safran to establish the Cabin & Cargo Equipment Group, targeting growth in the aviation sector.
Information on the Target
Hivest Capital Partners, an independent French private equity firm, has announced an agreement to acquire specific assets from Safran. These assets are focused on the design, production, and sale of unit load devices (ULD) and trolleys for the aviation industry. The two operations involve approximately 1,200 employees situated across Asia, Europe, and the USA and achieved sales of €130 million in 2022.
The acquired activities will form the basis of the Cabin & Cargo Equipment Group (CCE Group), a newly established company dedicated to specialized areas of business with strong market positions in the aerospace sector.
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Industry Overview in the Target’s Specific Country
The aerospace industry in France is one of the largest and most advanced globally, characterized by significant technological innovation and a highly skilled workforce. France is home to major aerospace manufacturers and supp
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Disclosed details
Revenue: $139M