Rcapital invests in Adams Aviation amid aerospace expansion
Adams Aviation has taken on backing from Rcapital, with the existing management team remaining to drive its plans for growth. The deal was advised upon by professionals from FRP Corporate Finance, who supported Rcapital throughout the process.
Sam Duberley, investment director at Rcapital, commented, “Adams Aviation has built a strong reputation over the years of being one of Europe’s leading aviation parts distributors. The strength of its management team is clear and that’s why we’re excited to start working with them to take the business into the next phase of its growth.”
Rcapital specialises in carveout and special situations investments, and has invested in more than 100 UK mid-market companies across a range of industries, providing financial resources and commercial expertise to support the growth of businesses within its portfolio. Rcapital acquired Adams Aviation Supply Company from Inorca in a corporate carve-out transaction, and the funding package has provided Rcapital with the post-acquisition working capital platform needed to support Adams Aviation’s short- to medium-term strategy and give management the confidence to pursue its growth objectives.
This transaction has seen Adams Aviation’s existing management team stay on to continue leading the business with strategic and operational support from Rcapital to drive its continued growth.
FRP Debt Advisory team supported UK private equity firm Rcapital’s latest investment in the aerospace sector. Led by partner Stuart Bates, the team worked secure an asset-based lending package to support its latest investment into Adams Aviation. The team engaged with lenders and led negotiations to deliver a funding structure tailored to Rcapital’s requirements.
Bates added, “Rcapital has a strong track record of supporting management teams to develop and grow their businesses, and access to the right capital is crucial to that success. It was therefore important that the final structure of this facility gave Rcapital the flexibility to work closely with the Adams Aviation management team and pursue the right strategy for the business’ growth. This asset-based lending package provides a strong foundation for the beginning of this new partnership, and I look forward to seeing how it continues to develop in the coming years.”
FRP Advisory provides a professional and considered approach to problem solving. With more than 950 employees, including 107 partners, FRP is one of the UK’s largest independent business advisory firms specialising in corporate restructuring, corporate finance, forensic services, financial advisory, debt advisory and real estate advisory.
