EQT partially divests EIS Aircraft Group

EQT remains invested in EIS Aircraft Products and Services, the lightweight aviation cabin interior products and maintenance services division, through the €1.1bn EQT Mid Market Fund.

EIS Aircraft Operations has increased the number of planes operated from nine to 14 in the past three years, resulting in compound annual revenue growth of 17%. In total, the group generated €40m in revenues at the time of EQT's original investment in 2015, and employed 300 people.

QinetiQ provides training and advice in the areas of defence, security and aerospace to governmental organisations and defence departments. It is listed on the London Stock Exchange and generated revenues of £783.1m in 2017.

Previous funding
EQT acquired EIS from a consortium of private shareholders in February 2013. The company was marketed with a €7-8m EBITDA from €40m in revenues, according to Unquote sister publication Debtwire.

Company
Cologne-based EIS Aircraft Operations uses a fleet of PC-9 aircraft to offer training of pilots and aircrews in a range of activities, including complex calibration for air radars, target towing, demonstration missions and tactical air support.

People
EQT Partners – Andreas Fischer (partner).
EIS Aircraft Operations – Christoph Otten (CEO).

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• Topics
• Exits
• DACH
• Industrials
• Germany
• EQT
• Trade sale
• Partial sale