Artá Capital acquires 100% of Aviaction’s share capital from Buenavista Equity Partners

Artá Capital has reached an agreement for the acquisition of 100% of Aviaction S.A’s equity, which means Buenavista Equity Partners’ full exit from the company. Buenavista’s involvement with Aviaction dates back to 2019, when it acquired AIRE, a company specialized in commercial aircraft interior maintenance, and initiated a buy-and-build strategy that led to the integration of Air Clean Textil and Servitec. With the acquisition of Servitec, Aviaction significantly broadened its capabilities to provide line maintenance services for aircrafts. The Aviaction brand was created following the first phase of the integration process, once the success of the diversification strategy had been proven, along with the commitment to strengthening the Group’s engineering capabilities and opening new workshops.

Aviaction is the leading provider in Spain of aircraft cabin and line maintenance services, with more than 25 years of experience. Its client portfolio includes major Spanish and international airlines, and it operates at several of the country’s main airports. The company closed 2024 with revenues of nearly €27 million, doubling the figure recorded at the time of Buenavista’s entry in 2019, despite the impact of COVID on the aviation sector.

The company will continue to be led by Juan Antonio Carrasco, CEO since 2019, together with the current management team, which has extensive experience in the sector. Artá Capital intends to continue supporting the management team in the next phase of growth, expanding the company’s capabilities while using Aviaction as a platform to consolidate the sector in Spain.

Artá Capital was advised by Deloitte Corporate Finance as financial and debt advisor, by EY for financial due diligence, and by Eversheds Sutherland as legal advisor. This will be the fourth investment made by Artá Capital Fund III, which closed in November 2024 with €400 million in committed capital.

Buenavista Equity Partners was advised by Greenhill Mizuho as financial advisor, by Deloitte Transaction Services for the due diligence, and by Addleshaw Goddard as legal advisor.