Egeria invests in Apoc Aviation

An undisclosed group of further minority investors also sold their stakes in the business, while CEO Max Lutje Wooldrik will retain his shareholding.

Egeria is currently deploying equity via Egeria Private Equity Fund V, which held a final close in December 2017 on €800m. The fund generally invests in business with enterprise values of €50-350m.

Egeria said in a statement that it plans to invest further in Apoc in future and aims to support the company with its expansion plans. The GP has previously invested in the aviation sector: it acquired a majority stake in Ireland-based Maas Aviation in May 2019.

Antea invested in Apoc in October 2016, acquiring a 30% stake via Antea Participaties VII, which held a final close in September 2015 on €235m. The fund invested in Netherlands-based companies with EVs of €5-30m.

Company
Rotterdam-based Apoc is an engine and landing gear trading and leasing business. The company supplies aviation parts that are stored in a temperature-controlled warehouse. The company expected to report revenues of almost €25m in 2019 and aims to grow its revenues to €100m within the next four years. It has 36 employees.

People
Egeria – Egbert Prenger (partner).
Antea Participaties  – Robert De Boeck (managing partner).
Apoc Aviation – Max Lutje Wooldrik (CEO).

Advisers
Vendor – Rusche Advisors, Carlo Rusche (corporate finance); Rissi Advisers, Serge Rissi (corporate finance); Corp, Diederik Baas (legal).
Equity – Baker McKenzie, Mohammed Almarini (legal); Alvarez & Marsal, Age Lindenbergh (financial due diligence); M3, Erwin Matthijssen (commercial due diligence); Atlas, Boudewijn Niels (tax).

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