KARTESIA PROVIDES MEZZANINE DEBT FOR ACQUISITION OF RAFAUT BY HLD EUROPE
Kartesia, the European specialist provider of capital solutions for small and mid-sized companies, is pleased to announce that it was chosen by HLD Europe to be the sole mezzanine provider for its acquisition of leading aeronautic equipment supplier Rafaut.
Founded in 1940, Rafaut is a key supplier for both the military and commercial aviation sectors, counting Rafale and Airbus among its customers. The company designs airborne carriage systems for helicopters and fighter jets and specialised mechanical equipment such as rudder pedals for commercial aircraft.
Kartesia is pleased to accompany HLD and Rafaut on the next phase of the company’s growth. Kartesia has the ambition to support the company’s goal to further develop its activities organically and through targeted acquisitions. Through this strategy, Rafaut aims to become a major European equipment provider able to provide a more comprehensive offer to the European civil and defence aeronautic manufacturers.
The deal was led by Matthieu Delamaire and Jean Diercxsens, who were impressed by the company’s specific know-how and excellent customer relationships. Furthermore, Rafaut has strong prospects for growth on the back of today’s order book and anticipated future industry developments.
Once again, Kartesia proved to be both flexible and reactive throughout the transaction process, allowing HLD to benefit from financing certainty early in the process. Matthieu Delamaire, Managing Partner at Kartesia, commented: “We are excited about the prospect of working closely with Rafaut and HLD Europe as the business continues on its path of rapid European expansion. We are particularly impressed with the company’s sector heritage and expertise. Their excellent customer relationships will be an invaluable asset for further growth internationally.”
Founded in 1940, Rafaut is a supplier of specialist aeronautic equipment to both the military and commercial aviation sectors. It has been involved in aeronautics for over 50 years, both as an equipment supplier to the French MoD (providing weapons and aircraft interface devices) and as a subcontractor to some of the best-known aircraft manufacturers.
About HLD Europe:
HLD Group is a specialist investment group providing long-term support for European companies in all sectors, founded by entrepreneurs Jean-Philippe Hecketsweiler, Jean-Bernard Lafonta and Philippe Donnet. HLD now has four teams in Luxembourg, Paris, Milan and Zurich.