TP Aerospace Sold to Danish Private Equity Fund CataCap
April, 2017 - Denmark
The two founders and owners of the Danish aviation service company TP Aerospace have just sold a majority share of the company to the Danish private equity fund CataCap. Plesner assisted the sellers with the transaction.
TP Aerospace repairs, leases and sells wheels and brakes to airlines across the globe. The company has more than 170 employees in Hvidovre (Denmark), Dubai, Las Vegas, Orlando, Singapore, Melbourne and Hamburg.
Since 2010, TP Aerospace has grown by an average of 30% annually and the company had revenues of DKK 428m and EBITDA of DKK 74m in 2016.
CataCap's investment is to contribute to the continued international growth of TP Aerospace. The two founders, Thomas Ibsø and Peter Lyager, continue as members of the management and still own a significant part of the company.
