Investment in the leading W&B provider to the aviation industry
Strategic Investments /01.05.2019
Kirk Kapital has acquired a 26% ownership interest, by way of preference shares, in TP Aerospace (“TPA”).
TPA is the leading aftermarket supplier of used serviceable wheels and brakes in the commercial aviation industry.
Kirk Kapital partners with the management team and Catacap who acquired TPA in 2017.
“We consider TPA a well-run company, and we are excited to join Catacap and the management team on their future growth journey. TPA, solely focussing on used spare parts, is another example of a growth company that promotes the circular economy, a favoured investment theme of ours.” Kim Gulstad, CEO of Kirk Kapital
Nina Fisker Olesen, Investment Manager at Kirk Kapital, will join the Board of Directors at TPA.
About TP Aerospace
TPA is the leading aftermarket supplier of used serviceable wheels and brakes in the commercial aviation industry carrying the largest ready-to-go inventory in the market. Having warehouses in several strategic locations around the globe, TPA provide 24-7-365 support on sale, exchange, loan or lease basis, and we can undertake retrofit exercises through tailor-made flat rate exchange programs, appealing to both airlines and leasing companies.
Morten Huse Eikrem-Jeppesen, PressConnect for Kirk Kapital, +45 53 85 07 70