Simaero Holding, confirmed that RIVE Private Investment subscribed to a capital increase giving it the majority control over the company, alongside founders Eric Renault and Jean-Marc Petit, who remain significant shareholders, and management, who also subscribed to the capital increase. Further to the equity capital increase, RIVE Private Investment subscribed to a bond issuance to contribute to the financing of the company.
Simaero is one of the largest independent provider of commercial pilot training services worldwide, with its main locations in Paris and Johannesburg. With this transaction, the company has the financing capacity to successfully capture growth opportunities both in its current locations as well as in new locations targeted, in particular in the Middle East and Asia, where the company already has an active commercial presence.
Chief executive officer Nicolas Mouté said: “We are delighted to confirm the closing of the transaction. With its financing capacity and its industry knowledge, RIVE Private Investment is an ideal partner to support the growth of the company and reinforces our ambition of becoming a global market leader.”
RIVE Private Investment Partner Barthelemy Renaudin added: “This investment is a perfect fit for us as we look for opportunities to invest in asset intensive yet added-value businesses. We have already supported companies in the helicopter leasing and aircraft motor rental businesses. This further expands our exposure to the growing global aviation industry.”
Chairman and founder Eric Renaud further added: “After a successful 16 year period since its creation, Simaero needed the backing of a solid financial partner to write the next chapter in the life of the company. We look forward to this new phase alongside RIVE Private Investment.”
Simaero was created in 2002 by founders Eric Renault (Chairman) and Jean-Marc Petit (Technical Director). It now operates 18 professional full flight simulators primarily located in the company centers in Roissy en France (France) and Johannesburg (South Africa). The company further operates simulators in several additional locations including Dinard (France), Istres (France) and Sharjah (UAE). It serves over 100 civil and military clients worldwide.
About RIVE Private Investment
RIVE Private Investment is an independent private equity company founded in 2013. RIVE Private Investment develops flexible, opportunistic and defensive investment solutions specifically for institutional investors and family offices.
RIVE Private Investment targets opportunities mainly across Europe and North America, focusing on three defensive sectors, namely infrastructure investments, asset finance and private debt. RIVE Private Investment benefits from the talent and expertise of internal investment professionals based in four European countries.
In the asset finance sector, RIVE Private Investment has financed a total asset value close to € 300 Million in aircraft, helicopters, engines, railcars, locomotives