50 SKY SHADES - World aviation news

Investment to Strengthen AkzoNobel’s Global Position in Aerospace Coatings

Download: Printable PDF Date: 11 Nov 2019 11:28 (UTC) category:
Publisher:
Investment to Strengthen AkzoNobel’s Global Position in Aerospace Coatings - Finance publisher
Dana Ermolenko
Aircraft: Airplanes

Seabury Capital announced that its London-based Aerospace and Defense Investment Banking team assisted AkzoNobel, a global leader in aerospace coatings, during its acquisition of French aerospace coatings manufacturer, Mapaero. 

The acquisition is intended to strengthen AkzoNobel’s global position as an innovative leader in eco-friendly aerospace coatings, notably in the structural and cabin coating sub-segments, and contribute directly towards its 2020 guidance.

“Our team, led by Director of A&D Investment Banking, Nicolas Dellachiesa, assisted AkzoNobel’s corporate development group in conducting the key initial negotiations for the Mapaero acquisition,” noted Seabury Capital’s Senior Managing Director, Corporate Finance and Investment Banking, as well as Seabury Corporate Finance’s President & CEO Patrick Henry Dowling. “Nicolas’s expertise in the A&D and financial sectors was key to giving the AkzoNobel team an edge by providing them with insights on value and what price to offer to Mapaero’s shareholders.” 

Established in 1992 and specializing in sustainable water-based and advanced eco-friendly products, Mapaero operates a production facility in France and has around 140 employees. For details on the transaction and AkzoNobel, visit www.akzonobel.com

Dellachiesa emphasized the importance of his team’s local industry knowledge and connections in successfully assisting the AkzoNobel team in “dealing with complex negotiations where nuance and accurate messaging was critical in resolving outstanding issues.”





Recommended

easyJet’s 15,000th Fearless Flyer participant takes to the skies as new Autumn and Winter courses launch

easyJet has welcomed its 15,000th Fearless Flyer participant onboard and helped them take to the skies with confidence. Since launching in 2012, easyJet’s Fearless Flyer programme has helpe...

ENAC in Rome - Tecnam outlines vision for Italian regional air mobility and new airline initiatives

On July 8, Tecnam participated in the official inauguration of new terminal at Rome Urbe Airport, an event hosted by Italian Civil Aviation Authority (ENAC) and ENAC Servizi to present the f...

SkyDrive signs MoU on eVTOL operations in Japan with Japan Biz Aviation

SkyDrive announced the conclusion of a MoU with Japan Biz Aviation Co. SkyDrive currently holds a cumulative total of 427 aircraft orders from partners in Japan and overseas (the order...

Horizon Aircraft selects BETA Technologies advanced flight control computers and software for Cavorite X7

Horizon Aircraft has selected BETA Technologies to supply its advanced flight control computers on the Company’s full-scale hybrid-electric VTOL aircraft, the Cavorite X7. Through this...

Android Apps development in Riga, Latvia