Arcline Investment Management has agreed to acquire Avantus Aerospace Group from Inflexion.
Following the close of the transaction, Avantus and its subsidiaries will operate as brands within Novaria Group, Arcline’s aerospace and defense parts platform. The acquisition expands Novaria’s portfolio of highly engineered aerospace components and strengthens its position in critical aircraft production supply chains. Avantus Aerospace Group is a manufacturer of engineered shims, specialty fasteners, solid fillers and precision detail parts for the global aerospace and defense industries. The company serves more than 1,600 customers worldwide, delivers over 25 million units annually, and supplies components that are used on virtually every major commercial, business jet and defense aircraft platform currently in production.
Lazard is serving as financial advisor to Arcline, with Ropes & Gray acting as legal counsel. Perella Weinberg Partners is serving as financial advisor to Avantus and Inflexion, while Willkie Farr & Gallagher is acting as legal counsel.