M&A Deal Summary

Guangzhou Hangxin Aviation Technology Acquires Magnetic MRO AS

On January 3, 2018, Guangzhou Hangxin Aviation Technology acquired aerospace company Magnetic MRO AS from BaltCap for 43M EUR

Acquisition Highlights
  • This is Guangzhou Hangxin Aviation Technology’s 1st transaction in the Aerospace sector.
  • This is Guangzhou Hangxin Aviation Technology’s largest (disclosed) transaction.
  • This is Guangzhou Hangxin Aviation Technology’s 1st transaction in Estonia.

M&A Deal Summary
Date 2018-01-03
Target Magnetic MRO AS
Sector Aerospace
Buyer(s) Guangzhou Hangxin Aviation Technology
Sellers(s) BaltCap
Deal Type Add-on Acquisition
Deal Value 43M EUR

Target

Magnetic MRO AS

Tallinn, Estonia
Magnetic MRO is a full-service aircraft maintenance company. Magnetic MRO is an EASA and FAA-certified total technical care and asset management organisation headquartered in Tallinn, Estonia, offering integrated MRO services. The company has a well-established reputation in innovative solutions in digitalised MRO services and proven track record as a one-stop total technical care organization for airlines, asset owners, OEMs and operators.

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Buyer(S) 1

Buyer

Guangzhou Hangxin Aviation Technology

Guangzhou, China
Category Company
Founded 1994
Sector Aerospace
Employees1,352
Revenue 1.6B CNY (2023)
DESCRIPTION

Guangzhou Hangxin Aviation Technology is committed to deliver effective technical solutions in the field of aircraft engineering and safety, contributing its part to the Chinese aviation industry. Company has five main core businesses are Component MRO, Airborne Equipment R&D, Aviation Test Equipment R&D, Aircraft Retrofit and Aircraft Data Analysis & Application. Their Business serves government sectors, airlines and customers in Asia, Middle East, Europe, and North America with over more than 50 major airlines and customers. Guangzhou Hangxin Aviation Technology was founded in 1994 and is based in Guangzhou, China.

DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Estonia) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

BaltCap

Vilnius, Lithuania

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 400M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

BaltCap is a private equity and venture capital group focused on investing in the Baltic States of Latvia, Estonia, and Lithuania. The Firm looks to fund buyouts, buy-ins, and growth capital needs. BaltCap is a generalist investor and will consider opportunities in a wide range of sectors. The Firm will consider both the majority and minority positions. BaltCap was formed in 1995 and has offices in Tallinn, Riga, Vilnius, Helsinki, Stockholm, and Warsaw.

DEAL STATS #
Overall 23 of 42
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 6 of 19
Country (Estonia) 9 of 14
Year (2018) 1 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 Anaerobic Holding

Iecava, Latvia

Anaerobic Holding owns a portfolio of biogas plants in Latvia with a total combined installed capacity of 4.9MW. Biogas plants are producing electricity and heat from renewable sources of energy and significantly contribute to reduced GHG emissions as well as environment-friendly use of organic waste. Anaerobic Holding is based in Iecava, Latvia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-16 SIA Runway

Riga, Latvia

SIA Runway is a BPO service company, providing various outsourcing services that are individually designed for each client's specific needs and requirements. SIA Runway was established in 2003 and is based in Riga, Latvia.

Sell -
Mergr

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