AURELIUS Equity Opportunities successfully closes acquisition of ZIM Flugsitz GmbH

- Mid-market manufacturer of economy and premium economy aircraft seats with a good market position in a growing market environment

- Long-term order backlog and very good demand

Munich, March 2, 2020 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) has acquired a majority stake in ZIM Flugsitz GmbH, based in Markdorf on Lake Constance, from the Zimmermann founding family. The transaction closed on February 28, 2020. ZIM Flugsitz is a well-established supplier of high-quality seats for commercial passenger aircraft. ZIM Flugsitz was founded in 2008 by the Zimmermann married couple of engineers, who will continue to be invested in the company and serve in its management. The company has logged steady growth since it was founded. With around 210 employees at its headquarters in Markdorf and a production facility in Schwerin (Mecklenburg-Western Pomerania), the company currently generates revenues of around EUR 55 million per year.

Long-term growth trend in the market for aircraft seats: very good order backlog and demand for the products of ZIM Flugsitz

With a development department recognized across the industry and an innovative, high-quality product portfolio especially for the economy and premium economy classes, ZIM Flugsitz is well positioned to benefit from the long-term growth trend in the market for aircraft seats. The company's customers include many international airlines such as Lufthansa, Singapore Airlines, Japan Airlines and ANA. Thanks in particular to its expertise in the fast-growing market segment of premium economy aircraft seats, the company has a very good, long-term order backlog.

AURELIUS was advised on the transaction by Seabury Capital (M&A), Ebner Stolz (financial due diligence) and Oppenhoff & Rädler (tax due diligence).
 

ABOUT AURELIUS

AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid and Amsterdam. Since it was founded in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.

AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker symbol: AR4) is the listed entity within AURELIUS Group and focuses on investing in mid-market corporate carve-outs and platform build-ups in different industries. With a team of more than 80 in-house operations experts, AURELIUS actively supports its portfolio companies in their long-term development. AURELIUS Equity Opportunities currently has 24 portfolio companies located across Europe which employ around 13,000 people and generate annual revenues of approx. EUR 3.5 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges. The company's market capitalization is approx. EUR 0.8 billion (as of March 2020).

AURELIUS Group also operates in the areas of growth capital, real estate opportunities and alternative debt solutions. AURELIUS Growth Capital invests in leveraged buyouts in mid-market succession or corporate spin-off situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company provides flexible debt solutions to firms across Europe.

With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.
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