Investindustrial on the look out for new Inaer investor

Reports indicate JP Morgan was mandated with the sale of a 50% stake of Inaer, in a deal that could see the company valued at €750-850m. The deal would support the continuation of Investindustrial’s build-up strategy for the business.

Investindustrial acquired a 75% stake of Spanish company Inaer Inversiones Aéreas in December 2005. The total value of the transaction was €205m. The company has since expanded beyond its Spanish origins into the UK, France, Italy and Portugal.

Similarly, in April 2008, Carlyle-backed certification business Applus+ invested in Inaer. Applus+, of which Investindustrial also holds a 5% stake, guarantees that the company’s 200+ helicopter fleet passes inspection.

Investindustrial was not available for comment.

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• Topics
• Expansion
• Southern Europe
• Support services
• Spain
• Investindustrial