KP Aviation has received an investment from Bain Capital Special Situations to accelerate its global expansion. Financial terms of the private transaction were not disclosed and proceeds will be used to purchase the interests of Balmoral Funds, the company’s current investment partner since 2015.
“This investment marks an exciting milestone in our growth trajectory and is a true testament to our culture of innovation and our 20+ year experience of optimizing value for customers across the fixed-wing aviation marketplace,” said Kim Schulze, founder and chief executive of KP Aviation. “In Bain Capital, we have found an aligned partner with deep aviation experience and operational capabilities to help us further scale our platform, foster new customer and supplier relationships, and diversify into new service lines and capabilities through a mix of organic and strategic growth initiatives.”
"KP Aviation fills a critical role in the aerospace supply chain, providing customers with mid-life, lower-cost aftermarket assets relative to original equipment manufacturer solutions, and we believe the business is well-positioned to capitalize on attractive sector tailwinds," said Matt Evans, a partner at Bain Capital Special Situations. "We have long admired KP Aviation and have been impressed with the Company’s highly differentiated business model and competitive advantages, experienced, founder-led management team, and impressive track record of growth and operational excellence. We are excited to partner with Kim and the rest of the management team to support KP Aviation’s next phase of growth."
Perella Weinberg Partners and Vedder Price served as KP Aviation's financial and legal advisors, respectively. Holland & Knight served as legal advisor to KP Aviation’s management team. Davis Polk & Wardwell served as legal advisor to Bain Capital Special Situations.