Egeria acquires majority stake in MAAS Aviation

Financial details of the transaction remain undisclosed, though Egeria stated that, due to the "extended scope" of the investment, the company will become part of its Egeria Evergreen portfolio. The GP writes equity cheques of €50-350m.

According to a statement, MAAS will pursue organic growth fuelled by the continuing growth in global demand for air travel.

The transaction will provide an exit for the group's founding shareholder and executive chairperson Darragh Hall.

Company
Founded in 1982 as Expressair Aviation, Dublin-headquartered MAAS is an aircraft painting business. The company has additional operations in the Netherlands, Germany and the US.

People
Egeria – Egbert Prenger (partner).
MAAS Aviation – Tim Macdougald (CEO); Mark Gidman (chief operating officer).

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