Seabury Capital’s London-based Aerospace and Defense (“A&D”) investment banking team assisted Pan-European multi-asset manager Aurelius Group in its acquisition of Germany-based Zim Flugsitz, a designer and manufacturer of commercial aircraft passenger seats.
The acquisition represents Aurelius’ entry into the aircraft interiors niche, adding to its wide range of industrial enterprises across Europe, including valve manufacturer VAG and photography equipment retailer Calumet WEX.
“Aurelius are pan-European acquisition specialists with great familiarity with Mittelstand as a result of their global headquarters in Munich,” said Antares Reis, Seabury Capital’s Managing Director of A&D Investment Banking. “However, we were able to provide our A&D expertise and contacts, giving its investment team the necessary confidence to take its first steps into an exciting but otherwise unfamiliar aircraft interiors niche.”
“Seabury Capital and its experts have helped us understand the dynamics of the aircraft interiors niche and the important role that ZIM plays in it, as well as providing important contributions to the valuation and other elements of our winning bid,” said Aurelius Group managing director Florian Muth.
Zim Flugsitz was founded in 2007 by aircraft structural engineers Peter and Angelika Zimmerman. The designer and manufacturer specializes in ultra-lightweight, low-cost, modular commercial aircraft seating focused in the economy and premium economy segments. With two production sites in Markdof and Schwerin, Germany, Zim Flugsitz employs around 240 staff.