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Finaero reinforces and reconstitutes its capital to finance its development

Blagnac, 3rd April 2014

Finaero, the French and international industrial group, with presence in nine countries in Europe and Asia, is active in aircraft painting and sealing (STTS), in commercial and VIP aircraft completions (AIP) and in cabling and wire assemblies for the energy, medical and rail sectors (CIEE). Finaero’s turnover in 2013 was 113m€, a 14% rise in comparison with 2012. The group currently employs 1,600 persons worldwide.

An important industrial project…

Finaero is pleased to announce that on 28th March 2014 they finalized an equity reconstruction to support:

  • The financing of a structured 5-year plan of growth plan within France, and internationally, through investment means. The group anticipates that the first phase of this growth plan will be achieved by finalizing the acquisition of an organization operating in the aircraft interiors maintenance and support sector by late April 2014. Organic development of the group is expected to continue to grow by an average of 7% per year.
  • Purchasing the shares of minority subsidiary shareholders, partly through the exchange of Finaero shares, enabling a total integration of the group which is now controlled 100% with the exception of its Morrocan and Chinese JVs, already founded with stratgecic partners.

… backed by long-term investors.

The share-capital, the majority of which is owned by the managing board, has been reinforced and reconstituted around the following financial investors: CM-CIC Capital Finance (Leader), Aerofund III managed by ACE management, BPIfrance, IRDI, Sodica Capital Investissement as well as investment firms belonging to several regional banks of the Crédit Agricole, more specifically the “Crédit Agricole de Franche Comté” and “Toulouse 31”, through “Crédit Agricole Régions Investissement”.

Christophe Cador, chairman of the Board of Directors declared, “I am very satisfied with what has been accomplished. This operation increases our group’s investment capabilities in sectors of growth where we operate. I am equally honored to have onboard as shareholders prestigious financial actors, passionate about our industrial sectors and which have been, for many years now, supporting our group. Finally, this achievement symbolizes a mark of trust towards our group’s management and employees, of whom I am very proud and with whom I share common values of on-time delivery, quality, innovation and ambition”.

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