Investment Summary

SFO Exits Nayak Aircraft Service

On November 27, 2023, private equity firm Chequers Capital invested in aerospace company Nayak Aircraft Service from SFO

Investment Highlights
  • This is Chequers Capital’s 1st transaction in the Aerospace sector.
  • This is Chequers Capital’s 7th transaction in Germany.

Investment Summary

Date 2023-11-27
Target Nayak Aircraft Service
Sector Aerospace
Investor(s) Chequers Capital
Sellers(s) SFO
Deal Type Secondary Buyout

Target

Nayak Aircraft Service

Dusseldorf, Germany
Nayak Aircraft Service is able to provide line maintenance support for aircraft wherever assistance is required. In addition, our flexible team is able to support on AOG basis, being able to reach any airport within Europe to bring your aircraft back to service. Nayak Aircraft Service was founded in 1974 and is based in Dusseldorf, Germany.

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Investor(S) 1

Investor

Chequers Capital

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1972
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Chequers Capital is a private equity group focused on acquiring and developing small, medium, and large-sized companies in partnership with management. Chequers primarily seek opportunities in France, Germany, Italy, Benelux, Switzerland, and Spain. The Firm looks to commit €40 to €150 million per investment in transactions valued between €80 and €500 million. Sectors of interest broadly include all areas of industrial, distribution, and services. Target transaction situations include turnarounds, recapitalizations, buyouts, and divestitures. Chequers Capital was formed in 1972 and is based in Paris, France.


DEAL STATS #
Overall 37 of 38
Sector: Aerospace M&A 1 of 1
Type: Secondary Buyout M&A Deals 18 of 19
Country: Germany M&A 7 of 7
Year: 2023 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 Altea Federation

Baveno, Italy

Altea Federation is a Italian system integrator and managed services provider with partnerships with leading software and ERP vendors. The group mainly addresses medium private companies in Northern Italy. Activities are highly diversified, ranging from consulting to ERP/CRM systems integration, data management, cloud solutions, design of custom software solutions, digital transformation, AI, and maintenance services. Altea Federation was founded in 1993 and is based in Baveno, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-17 Fime

Antony, France

Fime is a provider of consulting and market integration services for secure chip based applications, tokens and devices. Fime was founded in 1962 and is based in Antony, France.

Sell -

Seller(S) 1

SELLER

SFO


Category Family Office
Founded 2013
PE ASSETS 150M EUR
Size Small
Type Sector Agnostic
DESCRIPTION

SFO is a family office and operational investment firm focused on acquiring and growing established, industrial mid-market companies—particularly in machinery and equipment manufacturing—across Germany and Europe. Its sector expertise is centered on industrial goods, especially manufacturers in machinery, aircraft MRO, and related engineering services. SFO was founded in 2013 and is based in Munich, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-10 Piller Entgrattechnik

Ditzingen, Germany

Piller Entgrattechnik is a supplier of professional systems and machinery for industrial parts cleaning. Piller Entgrattechnik was formed in 1995 and is based in Ditzingen, Germany.

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