M&A Deal Summary

AC Desarrollo and MCH Private Equity Acquire FTEJerez

On February 1, 2008, AC Desarrollo and private equity firm MCH Private Equity acquired aerospace company FTEJerez

Acquisition Highlights
  • This is AC Desarrollo’s 1st and MCH Private Equity’s 1st transaction in the Aerospace sector.
  • This is AC Desarrollo’s 30th and MCH Private Equity’s 13th transaction in Spain.

M&A Deal Summary

Date 2008-02-01
Target FTEJerez
Sector Aerospace
Buyer(s) AC Desarrollo
MCH Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

FTEJerez

Jerez de la Frontera, Spain
FTEJerez is a dedicated aviation and airline pilot training academy with a long history of successfully training ab initio pilots to be the present and future captains for a wide range of prominent airlines such as Aer Lingus, British Airways, BA City Flyer, Cityjet, Emirates, Flybe, MEA, Qatar Airways, and Thomas Cook. FTEJerez was founded in 1980 and is based in Jerez de la Frontera, Spain.

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Buyer(S) 2

Buyer

AC Desarrollo

Madrid, Spain

Category Private Equity Firm
Founded 1999
PE ASSETS 345M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

AC Desarrollo is the private equity arm of Ahorro Corporación, a financial services group. AC Desarrollo focuses on acquiring middle market businesses throughout Spain. AC has no industry preferences and will consider both majority and minority positions in portfolio companies. Sectors AC has invested in include food/beverages, domestic cleaning products, air conditioning, toys, telecommunications, retail, and software. Prospective transaction situations include buyouts (MBOs, MBIs, and LBOs), consolidations, startups, and growth capital financing. AC Desarrollo was formed in 1999 and is based in Madrid. The Firm is no longer active.


DEAL STATS #
Overall 32 of 40
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 20 of 21
Country (Spain) 30 of 38
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 ABC Arquitectura Modular SA

Valencia, Spain

ABC Arquitectura Modular SA manufactures prefabricated modular units (offices, restrooms, living units) either for selling or renting. It is located in Valencia and has opened branches in Madrid and Catalonia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-06 Fabrica Electrotécnica Josa SA

Barcelona, Spain

Fabrica Electrotecnica Josa, SA produces electrical materials. The company offers various low tension products, such as small electrical materials for domestic installations; and industrial materials, such as sockets in 2P+T, 3P+T, 3P+N+T, and in surface (wall base), panel mounting (semi flush base), connector base, extension, and pin versions for low voltage industrial facilities; and products for use in specialist areas, such as agricultural facilities, shipyards, warehouses, construction sites, and laboratories.

Sell -
Buyer

MCH Private Equity

Madrid, Spain

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 1.3B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

MCH Private Equity is a private investment firm focused on mid-sized opportunities in Spain and Portugal. MCH invests in businesses exhibiting growth potential (organic/add-on), ability to improve operating margins, and consistent cash-flows. MCH is a generalist investor, however the Firm has a strong interest in sectors/markets undergoing consolidation. The Firm's target investment size is €15 to €45 million. MCH was formed in 1998 and is based in Madrid.


DEAL STATS #
Overall 14 of 38
Sector (Aerospace) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 8 of 17
Country (Spain) 13 of 33
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-03 GAMO Outdoor

Rogers, Arkansas, Spain

Gamo Outdoor is a global provider of high-quality airguns, pellets, optical equipment, airsoft products, related consumables, and outdoor accessories. The company serves mass merchants, sporting goods retailers, domestic specialty stores and distributors over 85 countries and 37,000 licensed dealers. Gamo Outdoor was formed in 1998 and is based in Rogers, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-20 Más Visión

Barcelona, Spain

MasVision is one of the leading optical retail chains in Spain with 336 franchises (6 directly-owned and 330 associated retail optical outlets).

Sell -