Aerofondo was born from the commitment reached between the President of the Government Pedro Sánchez and the CEO of Airbus, Guillaume Faury in July 2020, to create a fund for the development and consolidation of the Spanish aerospace supply chain.
The objective is to create a strategic investment vehicle active in the aerospace and defense industry in Spain, providing temporary financing to companies with a relevant role within the Spanish value chain – some 60 or 70 medium-sized companies that are part of the supply chain of the aerospace sector – (Tier 2 and Tier 3).
The investment strategy is based on long-term flexible capital with the possibility of investing in the same company in different phases in order to accompany them in their growth or consolidation within the sector. The target companies are companies active in the aerospace sector with a relevant role within the Spanish value chain.
The Manager will adopt an approach based on progress compatible with the objectives of decarbonization and energy transition.
The Aerofondo was established in June 2021 with a capital of 100 M€ where SEPIDES (subsidiary of SEPI) participates with 33.3 M €, Tikehau Capital with 33.3 M €, Airbus with 28.5 M € and Indra with 5 M €.
Execution and results
Operations carried out: at the end of 2022, two operations had been closed for a total amount of 11.1 M €. Currently, companies are in the process of reordering, reorganization, homogenization and optimization (processes, commercial, financial report) with the aim of operating as a single company.