FRANCE - ACE Management leads Recaero's series-B funding
In this round ACE Management, IRDI/ICSO Private Equity and Multicroissance have invested a total of EUR 5m in Toulouse-based Recaero, a former spin-off from Aérospatiale.
Established in 1993, Recaero manufactures discontinued spare parts for the aeronautical industry. The company generated sales of EUR 20m in 2006.
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