PE Deals

Tikehau Capital’s Aerofondo acquires Formecal

Aerofondo invests in companies across verticals and segments within the aerospace industry and can take control and minority positions.

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  • Formecal is a manufacturer of high-precision machining for the aerospace industry
  • Acatec, acquired by Aerofondo in October 2022, and Formecal will become part of a consolidation and growth project
  • Formecal is Aerofondo’s second investment to date

Tikehau Capital acquired 100 percent of Formecal, a manufacturer of high-precision machining for the aerospace industry, from Grupo Amper. The deal was via Tikehau’s private equity fund Aerofondo.

Madrid-based Formecal specialises in hot-stamping, high-precision machining and the assembling of complex parts for aerostructures.

Formecal will become part of a consolidation and growth project alongside Madrid-based Acatec, a high-precision machining company acquired by Aerofondo in October 2022. Acatec and Formecal are “highly complementary” and synergistic companies, according to Tikehau.

“The consolidation of the aerospace supply chain is at the heart of Aerofondo’s investment thesis,” said Carmen Alonso, head of the UK and Iberia at Tikehau Capital. “Fragmentation within the Spanish aerospace industry is high when compared with other European markets and consolidation is key to becoming more competitive at an international level.”

Headquartered in Paris, Tikehau Capital is a global alternative asset management group with €37.5 billion of assets under management.