11-Sep-2019 10:27 AM

Permira announces buyout of Topcast Aviation Supplies from founders

Permira announced (04-Sep-2019) a company backed by the Permira Funds will acquire the majority of the shares of Topcast Aviation Supplies and its affiliates from its founders. The founders and current management team, including managing director Thomas Hung and director of marketing & sales Calvin Li, will remain shareholders and continue to play an important role in the continued development of the company. Topcast has 19 offices across Asia, the Americas and the UK, connecting suppliers with customers in all segments of aviation including airlines, MRO service providers and OEMs. In addition to the core aircraft parts distribution business, Topcast also provides technical support and maintenance services and distribution of industrial cables and wires. It has a repair station in Hong Kong that operates as a service centre for many of the products it sells and can provide warranty repairs for customers on behalf of its suppliers. The company's largest market is greater China. [more - original PR]

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